Forex
GBPUSD Stalls Near 1.3222 as Traders Await Burnham's Economic Message
The GBPUSD pair held steady near 1.3222 on Monday as traders waited for a key speech from Andy Burnham, Britain's likely next prime minister.
The sterling has been under pressure due to political uncertainty and a strong US dollar, with the pound down around 1.7% against the dollar this month, its largest monthly drop since March.
Traders are watching two key levels: 1.3228 resistance and 1.3209 support, which could determine the short-term direction of the pair.