The GBP/USD pair finds itself under fresh selling pressure after a strong rebound from the previous week’s low around 1.3415. Currently trading between 1.3475 and 1.3470, there is a slight dip of 0.15% for the day. Traders align their strategies with the upcoming release of the US Personal Consumption Expenditure (PCE) Price Index, with many anticipating that this key economic indicator will influence market sentiment. Factors such as US economic performance will be closely scrutinized for their impact on this currency pair moving forward. This setup presents opportunities as traders adapt to evolving market conditions.