During European trading, the British Pound decreased against the US Dollar, trading below 1.2620 levels.
The GBP/USD currency traded in a band for the last couple of days following news that there is a difference of policy opinion within the Monetary Policy Committee of the Bank of England as to how fast the interest rates should be cut in 2025. In the UK, Bank of England Member Pill will speak (14:00 GMT). In the US, CB Consumer Confidence for February (103.3 exp) will be released (15:00 GMT).