• GBP/USD (+0.25%) trades within close proximity to the 2023 peak (1.3144)

• Firmer footing in GBP aided by the extension lower in EUR/GBP

• Though, as previously noted, higher high in spot is not confirmed by RSI

• Support: 1.3080 (55HMA), 1.3044 (prior YTD high), 1.3040 (100HMA)

• Eyes on Fed's Powell (1400GMT) - risks lean towards dovish disappointment

• Thus opens the door to a pullback in cable

• BoE's Bailey also due to speak at JH (1900GMT)

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