The GBP/USD pair lost more than 100 pips on Friday and staged a rebound at the start of the week. However, the pair lost its momentum after climbing to 1.3150 area and erased all of its daily gains. As of writing, the pair was down 0.15% on a daily basis at 1.3068. The EUR/USD pair posted weekly losses for the first time since mid-June last week but staged a rebound during the first half of the day on Monday. However, the pair met resistance near 1.1850 and erased its daily gains. As of writing, EUR/USD was virtually unchanged on the day at 1.1798. US Dollar Index (DXY) to drop below 93.00 during the first half of the day and helped GBP/USD edge higher. During the American trading hours, rising US Treasury bond yields helped the USD gather strength and lifted the DXY to a daily high of 93.30. At the moment, the DXY is up 0.06% on the day at 93.26 and the 10-year US T-bond yield is up more than 2%.