GBP/USD Price Forecast: Advances, yet remains below 1.2600 The Pound Sterling advances modestly against the Greenback on Monday, with market participants digesting US President-Elect Donald Trump's naming of Scott Bessent as Treasury Secretary.

The Pound Sterling (GBP) opens strongly against the US Dollar (USD) on Monday, trying to extend its recovery above the round-level resistance of 1.2600.

After losing 0.5% on Thursday, GBP/USD continued to push lower in the Asian session on Friday and touched its lowest level since May near 1.2550.

The Pound Sterling (GBP) slides to near 1.2630 against the US Dollar (USD) in Thursday’s London session.

GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed GBP/USD edges higher to near 1.2650 during the Asian trading hours on Thursday.

GBP/USD registered six consecutive daily losses and fell over 2% in the previous week.