GBP/USD Price Forecast: Sterling gains yet fails to clear 1.3000 ahead of US Election The Pound Sterling trimmed some of last week's losses against the Greenback and registered gains of over 0.46% ahead of a busy economic schedule featuring US Presidential Elections.

The Pound Sterling (GBP) performs strongly against its major peers at the start of the week, with investors also focusing on the Bank of England’s (BoE) monetary policy decision, which will be announced on Thursday.

The Pound Sterling trimmed some of last week's losses against the Greenback and registered gains of over 0.46% ahead of a busy economic schedule featuring US Presidential Elections.

The Pound Sterling (GBP) gains sharply against the US Dollar (USD) in North American trading hours on Monday but continues to struggle near the psychological resistance of 1.3000

The GBP/USD pair trades flat near 1.2950 during the early Asian session on Tuesday.

The Pound Sterling (GBP) trades in a very tight range around 1.2950 against the US Dollar (USD) in Tuesday’s London session.