GBP/USD stayed down near 1.32 in the middle of as trade wars and Brexit concerns. The UK government managed to overcome yet another vote in parliament on the Brexit bill. Brexit headlines from the weekend will likely weigh on Sterling at the weekly opening, as more than 100,000 people marched through London to demand a fresh vote on the terms of the Brexit deal. PM May was urged by MPs to prepare a "no-deal" plan – suggesting that the chances for a hard Brexit are still real.
There is no fundamental news for GBP on Monday. However the week has a lot of action on Thursday and Friday, the main event being EU Summit on Thursday and Friday where key issues on Brexit will be discussed and an (unlikely) agreement is expected, failure to which would weigh on Pound.
Major events on 25th June:
(All times are GMT)