Pound Sterling Braces for Heavy Week as Westminster Empties Out
GBPUSD nears fresh seven-month lows ahead of a likely thin trading week as UK political activity winds down. A tentative bounce has done little to change the broader bearish tone.
GBPUSD
The British Pound enters the new week on the back foot, having come within a whisker of fresh seven-month lows before steadying into a tentative bounce. The recovery has done little to alter the broader bearish outlook.
With Westminster emptying out for the holiday season, political uncertainty adds to the currency's headwinds. Traders are bracing for a potentially heavy week amid thin liquidity and no major UK data releases.
Source: FXStreet Forex News