The pound sterling strengthened slightly against the US dollar on Monday. As a whole, the market is within the range. At the second attempt of growth, the buyers failed to keep the price above 1.3400, but the quotations have not fallen below 1.3200. As in cases with a number of other instruments, the market is waiting for signals from the US Fed. However, in the situation with the pound, uncertainty also increases the upcoming Bank of England meeting on monetary policy, which will be held later in the week. The Regulator is expected to cut the rate by a further 25 basis points to 4.25%, but the accompanying statement will also be scrutinized.The upcoming decisions from the US Fed and the Bank of England should be taken into account when planning trades during this week's trading.