The GBP/USD pair begins to show signs of recovery at the start of a busy week. It appears to have halted its three-day losing streak, trading around the 1.2630-1.2635 region, marking a slight increase of 0.10 percent for the day. However, considerable appreciation seems elusive as the market anticipates significant central bank event risks this week.

Traders and investors need to be prepared for market fluctuations as key indicators such as the UK and US PMIs are on the horizon. Understanding these economic indicators will help in evaluating trading strategies more effectively.

As the week unfolds, attention will remain on both currencies’ performance in light of economic data releases and central bank decisions.