A large GBP/USD option expiry at 1.3200 could limit sterling moves today amid heightened UK political uncertainty.
A GBP/USD option expiry at the 1.3200 level may act as a near-term support for the pair, potentially capping volatility in the session ahead. The expiry size is notable but overshadowed by political developments in the UK, where Prime Minister Starmer is expected to announce his resignation imminently.