• GBP/USD hovered near two-month high on Monday as investors looked ahead of speeches from several BoE policymakers.
• This week, the UK has limited economic data releases, with the key event being the Monetary Policy Report Hearings on Tuesday.
• Bank of England officials Lombardelli, Ramsden, Dhingra, and Pill are set to speak. Fitch Ratings will review the UK's credit rating on Friday.
• At GMT 10:56, pound was last trading up 0.09% to $1.2640 against dollar.
• Immediate resistance is located at 1.2688(38.2%fib), any close above will push the pair towards 1.2742(Higher BB).
• Support is seen at 1.2583(50%fib) and break below could take the pair towards 1.2473(61.8%fib).
Recommendation: Good to buy around 1.2640 with stop loss of 1.2580 and target price of 1.2700
