GBP/USD has experienced persistent selling pressure, hitting its lowest point since November 2023 at around 1.2120. This decline reflects growing concerns over potential stagflation in the UK, characterized by rising inflation and sluggish economic growth.

As the trading week unfolds, understanding the factors influencing the British Pound will be crucial for investors. Economic indicators and central bank actions will play a significant role in shaping market sentiment. Traders should remain alert to further developments that could impact the currency pair’s trajectory.

Monitoring economic signals and political factors will be essential for participants in the currency market. Knowledge of the interconnectedness of these elements will provide better insight into trading strategies going forward.