[Institution: The Resilience of the Pound Against Fiscal Risks Is Unlikely to Last] Golden Finance reported on July 1 that analysts at Monex Europe stated in a report that the pound is showing resilience against political headwinds, but this is unlikely to be sustainable. They noted: 'It is worth mentioning that the government’s long-delayed defense investment plan provides little explanation of how the increased spending will be financed, despite the promised amount already being lower than the very modest expectations.' These analysts indicated that, given the backdrop of elevated fiscal risks and political uncertainty, Monex continues to believe there is downside risk for the pound. According to data from the London Stock Exchange Group, the pound fell 0.1% against the strengthening dollar to $1.3247 but rose to a 10-month high against the euro, trading at £0.8598 per euro. Prime Minister Keir Starmer announced his resignation last week.