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The Pound Sterling (GBP) Is trading on the back foot against the US Dollar (USD), as the GBP/USD pair manages to hold above the 1.2600 level at the start of the week on Monday.
EUR/USD seems to have gone into a consolidation phase above 1.0800 early Monday after snapping a three-week losing streak.
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The US Dollar Index (DXY) is currently trading at a modest loss at the 104.15 level.
The Pound picks up with the USD weighed by a mild risk appetite.