The GBP/USD pair is displaying a sideways auction in a range of 1.2420-1.2470 from Monday. The Cable is inside the woods as the investors are awaiting more developments over US debt-ceiling issues as each day passing is pushing the United States economy to a default situation. S&P500 remained directionless on Monday as investors are expected to take decisive action after the face-to-face meeting between US President Joe Biden and House of Representatives Kevin McCarthy. The US Dollar Index (DXY) has defended its immediate support of 103.20. Meanwhile, US Biden has cited that he believes Democrats will make ... (full story)