The GBP/USD pair remained depressed heading into the European session and was last seen hovering near the lower boundary of its daily trading range, around mid-1.4100s. A combination of factors failed to assist the GBP/USD pair to capitalize on its gains recorded over the past two trading session, instead prompted some fresh selling on Tuesday. The pair once again started retreating from the vicinity of the 1.4200 mark and has now reversed the previous day's positive move.
The British pound was pressured by doubts over the UK government's plan to reopen the economy on June 21 in light of the spread of the so-called Delta variant. Apart from this, indications that Britain's relationship with the European Union has been souring exerted some additional downward pressure on the GBP/USD pair.