Investing.com - The pound slid against the dollar on Monday as investors remained on the sidelines in safe-harbor greenback positions monitoring events in Ukraine and Gaza in a session void of major economic indicators.
In U.S. trading on Monday, GBP/USD was trading down 0.13% at 1.7066, up from a session low of 1.7056 and off a high of 1.7100.
Cable was likely to find support at 1.7037, Friday's low, and resistance at 1.7192, Tuesday's high.
Concerns that tensions in Ukraine could flare up even further kept investors camped out in safe-haven dollar positions on Monday, especially amid reports that Ukrainian troops were moving in to the rebel-held city of Donetsk only days after pro-Russian separatists allegedly shot down a Malaysian Airline flight with a missile.
Meanwhile in the Middle East, Israel pressed on with its ground offensive in Gaza in a conflict that has killed hundreds.
Earlier Monday, U.S. President Barack Obama said he was concerned about the violence and called for a ceasefire in Gaza.
The U.S. president also accused pro-Russian separatists of tampering with evidence pointing to the cause for the Malaysian Airlines crash, adding that the burden lies on Russia to disclose such evidence.
Elsewhere, sterling was down against the euro, with EUR/GBP up 0.08% at 0.7922, and down against the yen, with GBP/JPY down 0.11% at 172.96.
On Tuesday, the U.K. is to release data on public sector net borrowing.
The U.S. is to release reports on consumer price inflation and existing home sales.