GBP Falls Below 1.3300 Amid Diverging Monetary Policy Stance

The British Pound (GBP) has fallen below 1.3300 against the US Dollar (USD), losing about 1.20% in two weeks.

This decline is largely due to concerns over monetary policy divergence between the Federal Reserve (Fed) and the Bank of England (BoE).

The Fed's upcoming interest rate decision, expected to be dovish, will likely keep rates steady for now, but markets expect a possible hike in September.

This would put pressure on the Pound as it diverges from the BoE's more hawkish stance, which is widely expected to keep rates unchanged this week.