Investing.com - The pound fell against the U.S. dollar on Monday, as market sentiment weakened amid growing concerns over the outcome of tensions in Ukraine and violence in the Gaza Strip. GBP/USD hit 1.7058 during U.S. morning trade, the session low; the pair subsequently consolidated at 1.7063, slipping 0.14%. Cable was likely to find support at 1.7009, the low of June 30 and resistance at 1.7144, the high of July 17. Market sentiment was hit after the downing of a Malaysian airliner in eastern Ukraine last week and as fighting in Gaza continued. On Monday, some 100 Palestinians and 13 Israeli soldiers had been killed in a nearly two-week military offensive in the Gaza strip. Meanwhile, monitors from the Organisation for Security and Cooperation in Europe were granted some limited access to the crash site in Ukraine on Saturday, a day after the organization complained "visibly intoxicated" gunmen blocked their way to the site. The U.S. has accused Russia of complicity in the crash, and European leaders have threatened to impose far reaching new sanctions against Moscow, sparking fears over the impact on global growth. Sterling was lower against the euro, with EUR/GBP edging up 0.11% to 0.7925.

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