The Pound Sterling (GBP) bounces back strongly at the start of the week and outperforms its major peers after facing a sharp sell-off on Friday.

The Pound Sterling (GBP) bounces back strongly at the start of the week and outperforms its major peers after facing a sharp sell-off on Friday.

The Pound Sterling (GBP) opens strongly against the US Dollar (USD) on Monday, trying to extend its recovery above the round-level resistance of 1.2600.

GBP/USD Price Forecast: Advances, yet remains below 1.2600 The Pound Sterling advances modestly against the Greenback on Monday, with market participants digesting US President-Elect Donald Trump's naming of Scott Bessent as Treasury Secretary.

The GBP/USD pair attracted fresh sellers on Tuesday and dropped to the 1.2500 neighborhood, closer to its lowest level since May 2024 during the Asian session.

GBP/USD recovers a major part of its intraday losses, climbs back above mid-1.2500s The GBP/USD pair attracted fresh sellers on Tuesday and dropped to the 1.2500 neighborhood, closer to its lowest level since May 2024 during the Asian session.