GBP/USD Pair Extends Retreat, Hits Fresh Daily Low Near 1.2400
Introduction The GBP/USD pair began the week on a downside trajectory, distancing itself from the recent peak reached on Friday around the 1.2540-1.2545 region. During the early European session, spot prices continued their descent, reaching a new daily low near the 1.2400 mark. The decline indicates a weakening British pound.