Rate little changed but sellers in control to start; follows EURO higher, stops above the market cleared Friday and volumes dried up. Bids likely under the 1.9800 area to support near-term but sell signal is active; traders report a lot of stops building under the 1.9790 area.

Traders expect GBP to track EURO through this week. Traders now expect a top to form as the rate had thinner volume on the rally last week into the reported option defense last week. Continue to expect a lot of cross-trading.  

USD/GBP Daily