That being for GBP/USD at the 1.3200 level. The expiries may provide a bit of a floor for price action in the session ahead, all else being equal. But as things stand, the pound is going to be much affected by political headlines with eyes on UK prime minister Starmer as he is set to announce his resignation and/or timing of that imminently.

The mutiny in Westminster has all but sealed his fate, with Andy Burham making his march to the front door of No. 10. So, that is the expected play-by-play. However, any other political complications that lead to more uncertainty will weigh further on the quid.

Besides that, the general mood for major currencies today will continue to follow dollar sentiment and the broader risk mood.

The greenback has been in a great spot since last week, as US-Iran niceties continue to come undone. There seems to be a framework agreement in place, but the Israel-Lebanon situation underscores how fragile it all is. Add that to the fact that the Strait of Hormuz is still not seeing any real progress in reopening.

That all continues to feed into a more hawkish Fed outlook, which is beneficial for the dollar.

For more information on how to use this data, you may refer to this post here.