Lisa Cook

GBP/USD remains under pressure after sliding to 1.3206, its weakest level since June 29, as the US dollar holds firm and traders monitor geopolitical risk. Market attention now turns to US jobs figures, consumer confidence, housing data, GDP readings and Federal Reserve commentary for the next move.

AUD/USD slipped to 0.6917 as traders positioned for US inflation data and assessed renewed geopolitical tension involving the US and Iran. Technical traders are watching a bearish flag structure, with 0.6865 emerging as the key downside target if dollar strength persists.

GBP/USD retreated to around 1.3400 as traders assessed rising geopolitical risk, firmer energy prices, and a busy macro calendar. Technical traders are watching whether fading momentum opens the door to a move toward 1.3300 or whether buyers can reclaim 1.3500.