GBP/USD: fresh 3-week lows on very little - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the GBP/USD pair extended its decline down to a fresh 3-week low of 1.4374 early Europe, with no clear catalyst for the decline beyond dollar's broad strength.

Key Quotes:

"Data coming from the UK showed that house prices in the three months to April were 1.5% higher than in the previous quarter, down from the 2.9% in the three months to March, yet another sign of a slowdown in local growth. Later this week, the Bank of England will have its monthly economic policy meeting, but as the Brexit referendum looms, chances are of a non-event, which eventually will keep the Pound under pressure."