Daily market news

GBP/USD took a breather from bullish momentum on Monday, pulling back just shy of the 1.3000 handle after FX markets took a break from Greenback selling to reconsider recent moves and re-weigh odds of a September rate cut from the US Federal Reserve (Fed).

The EUR/JPY remains under pressure for the third straight day after Japanese authorities intervened in the FX space last Thursday, although policymakers have not confirmed this.

The USD/JPY trades had minimal losses of 0.02%, yet they recovered some ground late in the North American session.

The Pound Sterling resumes its rally as the North American session begins.

Silver price (XAG/USD) consolidates in a tight range near $31.00 in Monday’s North American session.

The Pound Sterling (GBP) is holding little changed just below the 1.30 point.

The Canadian Dollar (CAD) eased in early Asian trade but has recovered to trade little changed on the day.

There is a lot to digest from the shocking assassination attempt on former President Trump over the weekend.

The Australian Dollar (AUD) is expected to trade in a range between 0.6745 and 0.6790.

The Pound Sterling (GBP) could pullback, but any decline is unlikely to threaten the support at 1.2915.