The USD started the week on a stronger note versus the GBP and the JPY but dropped some ground against the common currency.
The USD index is around the same levels of around 97.130. Presently, the GBP versus the USD trades at $1.2980, which is a retreat of $0.00775or 0.59% from the previous close of $1.30584.
The daily range is from $1.2965 to 1.3045, while the trading volume is 79.726K.
Governor Mark Carney and Monetary Policy Committee member Silvana Tenreyro last week remarks acted for higher expectations of coming rate reductions.
Moreover, the ongoing protests in Iran over the weekend seems to have had little impact on broader sentiment.
In addition, Washington implied in the preliminary trade agreement with Beijing could take place on Wednesday.
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