Sterling Dips as Markets Await Bank of England Remarks
The pound slipped against the dollar on Tuesday as investors awaited remarks from Bank of England officials regarding inflation and monetary policy. Traders largely expect interest rates to remain steady next week despite rising oil prices.
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GBP/USD fell to $1.3529, down 0.12% in Tuesday morning trade as investors braced for testimony from Bank of England officials. Markets await insights on monetary policy from Governor Andrew Bailey and his colleagues.
