On Monday in London, the British Pound (GBP)
stays under pressure as investors anticipate the Bank of England (BoE) might
opt for interest rate cuts sooner than the US Federal Reserve (Fed).
Consequently, the GBP/USD pair hovers near a five-month low near 1.2360 as
investors foresee the Fed maintaining a tighter monetary policy stance for a
longer period.
Dr. Kamaran Qader Yaqub,
Fundamental Analyst and Financial consultant at Investment Spot company.