The GBP/USD pair continues to struggle, with prices sinking 1.2% on Monday and pushing below the key support level of 1.2750. This drop marks a second consecutive day of declines for Cable, as bids retreated to the 200-day Exponential Moving Average just above 1.2700. A resurgence in investor sentiment towards the US Dollar has devalued the British Pound, continuing the trend against other currencies. Investors must remain cautious as market conditions evolve, impacting GBP strategies significantly.