GBP/USD edges higher toward 1.4200 during the American session. US Dollar Index remains on track to close below 90.00. EU official says patience is wearing thin with UK on N. Ireland. The GBP/USD started the new week on a weak footing and declined toward 1.4100 in the early trading hours of the European session. However, the pair reversed its direction with the renewed USD weakness and was last seen gaining 0.25% on the day at 1.4190. DXY looks to end the day in the negative territory Earlier in the day, the USD capitalized on the rebounding Treasury bond yields and the US Dollar Index (DXY) reached a daily high of 90.30 before losing its traction. In the absence of significant fundamental drivers and high-tier data releases, the DXY dropped below 90.00, suggesting that Friday’s uninspiring Nonfarm Payrolls report continues to hurt the currency. There won’t be any data releases from the UK on Tuesday. Later in the day, Goods Trade Balance and the NFIB Business Optimism Index from the US will be looked upon for fresh impetus. Meanwhile, an EU official told Reuters on Monday that the EU’s patience was wearing thin with the UK with regard to the Northern Ireland Protocol. “The EU has been patient but the EU’s patience is wearing thin. If this continues, we will have to consider all the tools, all the options that are available,” the official said. Although the USD’s market valuation is likely to continue to impact GBP/USD’s movements in the near term, escalating political tensions between the EU and the UK could force the British pound to weaken against its major rivals. Technical levels to watch for  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Silver Price Analysis: XAG/USD bulls testing bearish commitments at counter trendline FX Street 12 months GBP/USD edges higher toward 1.4200 during the American session. US Dollar Index remains on track to close below 90.00. EU official says patience is wearing thin with UK on N. Ireland. The GBP/USD started the new week on a weak footing and declined toward 1.4100 in the early trading hours of the European session. However, the pair reversed its direction with the renewed USD weakness and was last seen gaining 0.25% on the day at 1.4190. DXY looks to end the day in the negative territory Earlier in the day, the USD capitalized on the rebounding Treasury bond yields and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.