The Pound strengthened against the US Dollar on Tuesday as traders booked profits following the greenback's recent rally to more than one-year highs ahead of the release of key US inflation data later in the day, while remaining broadly unchanged against the Euro.
Sterling edged lower on Monday as investors assessed the possible impact of last week’s local elections, in which Prime Minister Keir Starmer’s Labour Party endured significant losses.
The Dollar strengthened on Tuesday after investors reacted positively to US President Donald Trump’s decision to postpone higher tariffs on the European Union.
