The British Pound remained under pressure after recent economic data pointed to slower growth across the UK's services and consumer sectors. Investors have become increasingly cautious as the possibility of a more accommodative Bank of England policy gains traction.

GBP/USD continued to trade lower against the US Dollar, while EUR/GBP edged higher. Although inflation in the United Kingdom remains above the central bank's target, signs of weakening domestic demand have shifted market expectations toward a less aggressive monetary stance.

In contrast, the US Dollar remained well-supported by resilient economic data, including stable consumer spending and a healthy services sector. These indicators reinforced confidence in the strength of the US economy despite elevated interest rates.

Attention now turns to speeches from several major central bank officials scheduled later this week. Any indication of changes in monetary policy guidance could trigger increased volatility across major currency pairs.