Pound Sterling Price News and Forecast: GBP/USD attracts some buyers at the start of a new week

British Pound fills weekly bearish gap vs USD; upside seems capped amid UK political chaos The GBP/USD pair climbs back to the 1.3235 region during the Asian session and fails the weekly bearish gap opening amid a modest US Dollar (USD) downtick, though the upside potential seems limited. Mediators Qatar and Pakistan announced a formal 60-day roadmap aimed at securing a final US-Iran peace deal, which, in turn, keeps a lid on the safe-haven buck and prompts some intraday short-covering around the GBP/USD pair. However, geopolitical developments over the weekend, along with the US Federal Reserve's (Fed) hawkish tilt, could act as a tailwind for the Greenback. British Pound declines to near 1.3200 as UK PM Starmer expected to resign The GBP/USD pair faces some selling pressure near 1.3210 during the early Asian trading hours on Monday, pressured by UK political uncertainty. The British Pound (GBP) softens against the US Dollar (USD) after the reports that UK Prime Minister Sir Keir Starmer is expected to resign to make way for a new leader. Bloomberg reported on Sunday that allies of Starmer expect him to set out a timetable for his departure as UK prime minister in the coming days, putting Britain on course for its seventh premier in a decade and paving the way for Andy Burnham to replace him.