Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Gold and Silver Prices Climb in Asian Trade as Markets Eye Key U.S. Economic Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
The EUR/GBP currency pair is expected to remain implicitly heavy towards 0.8485, following inherent risks surrounding the euro.
GBP-USD to floated above 1.2400 on the back of a vulnerable broad USD but expect some domestic focus on the UK CPI numbers (and its attendant implications on the BOE’s posture) today. Short term implied valuations are relatively static at this juncture although at a stretch, cable may be deemed slightly rich on the upside.
Likely range bound near term with the 55-day MA (1.2430) an immediate cap ahead of 1.2450 while 1.2360 may support. Elsewhere, inherent risk surround the EUR may keep the EUR-GBP implicitly heavy towards 0.8485.
