GBP/USD Extends Decline as UK Leadership Change Weighs

The British Pound (GBP) extended its decline against the US Dollar (USD) for the second consecutive day on Friday, trading 0.4% lower near 1.3427 during the European session. The move reflects ongoing uncertainty surrounding the change in UK political leadership.

Investors are weighing the potential implications of the leadership transition on fiscal and economic policy. The Pound's weakness comes as the greenback finds support from broader market dynamics, though no specific catalysts were cited in the initial reports.

Technical levels to watch include the 1.3400 handle as near-term support, with resistance around the 1.3500 area. The currency pair remains sensitive to political developments in the UK.