The GBP/USD pair weakens to near 1.2910 during the early European session on Monday.
GBP/USD softens to around 1.2910 in Monday’s early European session. The negative view of the pair prevails below the 100-day EMA, with the bear RSI indicator. The initial support level for the pair emerges at 1.2875; the immediate resistance level is located at 1.2983.
Its key trading pairs are GBP/USD, also known as ‘Cable’, which accounts for 11% of FX, GBP/JPY, or the ‘Dragon’ as it is known by traders , and EUR/GBP . The Pound Sterling is issued by the Bank of England . How do the decisions of the Bank of England impact on the Pound Sterling? The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England.
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