Pound Sterling consolidates as investors await BoE policy decision

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• Pound Sterling trades in a bounded region as investors eye BoE monetary policy for further action.
• The BoE is expected to keep interest rates unchanged amid easing labor demand and subdued consumer spending.
• Deepening Middle East tensions dent demand for risk-sensitive assets.

The Pound Sterling (GBP) struggles to find a direction on Monday as investors await the interest rate decision from the Bank of England (BoE) for further decision-making. The GBP/USD pair trades sideways as the market mood turns quiet, with investors also seeking fresh developments over the Israel-Palestine conflict to take further action.