New top trade GBPUSD. Fundamentals are strong here. Central bank divergence between BOE and Fed. BOE standing pat and not raising rates at their recent meeting. Rates markets only pricing in ~50BPS of cuts before end of year, compared to the Feds 100BPS in the FOMC dot-plot.
The bond yield differentials support this and the difference between the UK and US 2 year and 10 year spread widened by 2BPS and 8BPS respectively.