The pair of the Great Britain Pounds (GBP) and the United States Dollar (USD) are both starting the week on a positive note.
The GBP/USD advanced above 1.2250 after the BoE speech on Monday, gaining 0.23%.
The British pound is trimming some of Friday’s losses, though edges lower after printing a daily high at around 1.2279. It however gained 0.12% amidst a thin liquidity session due to a US bank holiday.
At the time of writing, the GBP/USD is trading at 1.2252. On Monday, the GBP/USD opened near the 1.2210s area and, albeit reaching a daily low around 1.2200, bounced off and edged slightly above the daily pivot point amid the lack of UK.
In the meantime, the US dollar Index, a gauge of the buck’s value vs. a basket of rivals, is losing 0.29% and is currently at 104.351, a tailwind for the GBP/USD.
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