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Market Analysis: The GBP/USD falls below 1.3600, which may be a good entry point to go long.
On July 4th, Jin10 reported that analysts from UBS Global Wealth Management stated in a report that the fiscal risks in the UK will remain the focus of GBP traders for some time, but the GBP is unlikely to suffer any sustained losses. The UK government will "fully understand the situation and take appropriate actions." On Wednesday, UK Prime Minister Starmer initially failed to guarantee that Chancellor of the Exchequer Reeves would continue to serve in Parliament. However, he quickly attempted to control the damage, later stating that she would remain in office for the long term. Therefore, analysts indicated that if GBP/USD falls below 1.3600, it could be a good entry point to establish long positions or bet on a rise in the GBP.