Pound holds near lows as rate focus stays
The pound hovered near seven-week lows on Monday as traders weighed central bank interest rate outlooks and energy prices. Markets await upcoming private sector health data and watch oil prices closely.
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GBP/USD fell 0.1% to $1.338 on Monday morning, hovering near seven-week lows as investors weighed monetary policy divergence and energy costs. The move follows aggressive interest rate hikes from overseas central banks and persistent supply risks. Currency markets remain sensitive to shifting central bank expectations as global inflation pressures persist.
