GBP/USD faces downward pressure, trading near 1.3240 as the US Dollar firms ahead of critical ISM Services PMI data releases.
GBP/USD declines as USD strengthens ahead of US ISM Services PMI data.
The British Pound trades lower at 1.3240 during Monday's Asian session, retreating from recent modest gains. Investors are shifting focus toward the upcoming US ISM Services Purchasing Managers Index, which is driving broad US Dollar strength across currency markets.
The pair is under downward pressure primarily due to a strengthening US Dollar as market participants position themselves ahead of the release of the US ISM Services Purchasing Managers Index.