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GBP/USD Price Analysis: The key contention level is seen at 1.2500 The GBP/USD pair remains under pressure below the mid-1.2500s during the early European session on Monday.

The Swiss Franc (CHF) edges lower in most pairs on Monday as investors digest the strong US labor market data and bide their time ahead of the action expected later in the week when several major central banks will make their policy decisions.

During the Asian session, RBA Governor Bullock will speak, and the Australian Westpac Consumer Confidence report is due.

The USD/CHF commences the week virtually unchanged, losing 0.08%, amid a busy week for the United States (US).

Mexican Peso (MXN) starts the week with a negative tone and loses traction against the US Dollar (USD) in early morning trading during the North American session.

The Pound Sterling (GBP) recovered some ground against the US Dollar (USD) amidst a session characterized by mixed market sentiment, ahead of crucial monetary policy decisions of the US Federal Reserve (Fed) and the Bank of England (BoE).

The EUR/USD is seeing drift around the 1.0750 price level as markets gear up for a hectic trading week.

The US Dollar (USD) made noticeable gains in Monday's trading session against the Swedish Krona (SEK), propped up by a strengthening dollar ahead of November’s Consumer Price Index (CPI) and the Federal Reserve's decision on Tuesday and Wednesday, respectively.

The GBP/JPY is paring back recent losses sparked by a bull run in market Japanese Yen (JPY) bets after the Bank of Japan (BoJ) leaned unusually hawkish last week.

The AUD/USD extends its losses for the second straight trading session, and slips below the 200-day moving average (DMA) as investors await monetary policy decisions from major central banks ahead of the next year.