The Pound Sterling (GBP) retraces to 1.2620 against the US Dollar (USD) in Tuesday’s London session.
The Pound Sterling faces selling pressure against the US Dollar as uncertainty ahead of Fed Powell’s dampens market sentiment. UK’s annual shop price inflation decelerated to its lowest since October 2021. The BoE may start cutting interest rates in August. The Pound Sterling retraces to 1.2620 against the US Dollar in Tuesday’s London session.
02% 0.12% 0.18% 0.37% 0.18% AUD -0.01% 0.07% -0.16% -0.07% -0.18% 0.18% 0.00% NZD -0.20% -0.11% -0.35% -0.22% -0.37% -0.18% -0.18% CHF -0.03% 0.07% -0.18% -0.05% -0.18% -0.00% 0.18% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.
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