The Pound Sterling (GBP) exhibits a subdued performance slightly above the crucial support of 1.3100 against the US Dollar (USD) in Tuesday’s London session.
The Pound Sterling falls to near 1.3100 against the US Dollar as the Greenback clings to gains ahead of the US ISM Manufacturing PMI for August. US NFP data for August would be the major trigger this week. Investors see the BoE keeping interest rates steady at 5% this month. The Pound Sterling exhibits a subdued performance slightly above the crucial support of 1.3100 against the US Dollar in Tuesday’s London session.
For fresh interest rate clues, investors await BoE policymaker Sarah Breeden’s speech, which is scheduled at 12:45 GMT. Breeden was among policymakers who voted for cutting interest rates in August by 25 basis points to 5%, along with Andrew Bailey, Swati Dhingra, Dave Ramsden, and Clare Lombardelli. Technical Analysis: Pound Sterling sees support slightly below 1.3100 The Pound Sterling declines to nearly 1.3100 against the US Dollar.
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