Sterling holds steady ahead of BoE and US midterms
Sterling remained steady against the dollar and euro as cautious traders awaited the upcoming Bank of England meeting and US midterm elections. Markets anticipate an interest rate hike from the central bank amid rising inflation pressures.
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Sterling held steady against the dollar and euro on Tuesday morning, with traders exercising caution ahead of the United States midterm elections and the Bank of England meeting. The currency hovered at $1.3414 against the GBP/USD pair, while remaining near an 18-month high against the euro.
