#GBPUSD: Politics, PMI and Dollar Strength

The British pound remains under pressure as political uncertainty in the UK collides with broad U.S. dollar strength.
The resignation of Keir Starmer, concerns over future fiscal spending, and weaker-than-expected UK PMI data have all weighed on sterling. At the same time, markets continue to price in a more hawkish Federal Reserve, supporting the dollar across major currency pairs.
After losing the 1.3420 area, GBPUSD has moved toward the major long-term support zone near 1.3150. The key question now is whether buyers can defend this level or if broader macroeconomic pressures will push the pound even lower.