Core Viewpoint - The British pound has fallen to a nine-day low against the US dollar due to a strong dollar and a lack of domestic catalysts in the UK, while remaining stable against the euro [1] Group 1: Currency Performance - The pound has decreased by 0.1% to a low of 1.3437 USD [1] - Despite the recent decline, the pound is expected to rise by 7% against the dollar over the year, influenced by Trump's tariff policies impacting the dollar [1] - The exchange rate of the pound against the euro is currently stable at 0.8723 GBP per 1 EUR, but has seen a cumulative decline of 5% this year due to differences in fiscal policies between Germany and the UK [1]

Core Viewpoint - The ruling by the U.S. federal court, which stated that President Trump does not have the authority to impose comprehensive tariffs on nearly all countries, is expected to provide short-term support for the British pound against the euro, with potential for appreciation [1] Group 1 - Analysts from Monex Europe indicate that the British pound is sensitive to risk sentiment and underlying economic fundamentals, which positions it favorably for appreciation against the euro [1] - The report suggests that unless unexpected circumstances arise, the supportive trend for the British pound is likely to continue today [1] - There are no significant domestic factors in the UK that could hinder further appreciation of the British pound [1]

Core Viewpoint - The progress of the right-wing Reform U.K. party in the local elections may be a contributing factor to the current decline of the British pound against the euro, although the impact is considered less significant than that of the U.S. non-farm payroll report [1] Group 1 - The local election results have become a major news story in the UK, indicating that reform is gaining traction at the expense of both the Labour and Conservative parties [1] - Analysts from Monex Europe suggest that while the local election results are noteworthy, they are unlikely to have a substantial impact on the market [1] - The U.S. non-farm employment report is expected to have a more significant influence on the future movements of the British pound [1]