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The UOB Group anticipates that Pound Sterling will fluctuate between 1.2900 and 1.2975

GBP/USD is expected to trade between 1.2900 and 1.2975, with potential to rise above 1.3000 if support holds.

US futures remain elevated, with the S&P 500 bouncing slightly despite recent declines and tech struggles

Risk sentiment remains fragile as US futures rise slightly; tech stocks struggle, with Nvidia and Tesla declining sharply.

Amid minor wage requests, JPY rises as Japan’s Rengo settles on a 5.46% increase

USD/JPY rises as Japan’s Rengo agrees to wage hikes, boosting rate hike bets. Gold retreats; EUR/USD climbs.

On the day, focus on EUR/USD at 1.0850, influencing price between key moving averages

EUR/USD FX option expiry at 1.0850 may influence price action; USD/CAD expiry at 1.4450 holds less significance.

The Euro experiences slight pressure against the US Dollar, potentially falling under 1.0820, but not likely hitting 1.0780

EUR faces mild downward pressure against USD, consolidating between 1.0680 and 1.0950, with resistance at 1.0880.

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