Pound Faces Critical Moment Against Dollar With Risk of Further Decline
• GBP/USD faces critical juncture around 1.2700 level, with risk of breaking below and falling further
• Pair trading in short-term flag pattern, signaling potential for decisive move soon
• Key economic events like US inflation and UK GDP/production data ahead this week
• Souring market mood could limit Pound upside
• GBP/USD closed last week virtually unchanged despite late Friday recovery