Pound holds steady ahead of BoE speeches
The pound remained stable against the dollar on Monday as investors awaited commentary from several Bank of England officials. Meanwhile, ongoing geopolitical tensions and upcoming US inflation data kept broader market volatility in check.
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The GBP/USD held flat at $1.324 on Monday morning as investors weighed upcoming central bank commentary and rising Middle East tensions. The currency kept a firm footing against European peers, benefiting from widening sovereign debt spreads in France. Markets are preparing for a heavy week of data releases and speeches from United Kingdom monetary officials.
