Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat 
AI Memory Boom Sparks Global Chip Supply Crunch 
J.P. Morgan Sees Potential Vestas Guidance Upgrade Amid Strong Wind Energy Demand 
How AI prompting turned writerly description into an everyday skill 
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu? 
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict? 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
The Bank of England (BOE) has so far shrugged of any concern over falling inflation and has maintained the policy action stable.
Noteworthy data & events-
- Mark Carney expressed that the disinflation mainly due to oil and no intention to chase it.
- 2 hawkish members have returned to neutral in recent past.
- Over weekend, MPC member Martin Weale, a previous hawk expressed his desire for rate hike.
- UK inflation showed further deceleration at -0.9% mom.
- Business Leaders Survey showed better mood in industries.
- Today's retail sales fell -0.3% mom, but still growing at 5.4% YoY basis. Noteworthy that sales excluding fuel fell -0.7%.
- MPC member Ian McCafferty expressed his concern over economy and openness to policy easing.
Over these developments, further data & policy debate to remain mixed and the pound to continue the current range with bullish bias due to safer haven flows. Support is at 1.53 and 1.52 area whereas resistance around 1.547 and important 1.557.
