Pound Under Pressure as Borrowing Figures Loom

The Pound (GBP) to Dollar (USD) exchange rate has been steady at $1.3387, down marginally on Monday.

This comes after last week's policy announcements from central banks in both the UK and US.

The Bank of England (BoE) decision to leave interest rates unchanged but reduce the pace of its bond sales contributed to some losses for the Pound.

Meanwhile, the Federal Reserve's unanimous vote to hike interest rates for the first time since 2023 has continued to underpin the US Dollar.