Sterling attracted selling interest during Tuesday’s session having seen buyers return below USD 1.4050 & EUR 1.1600 (key technical support). As UK consumer prices released today for May rose above consensus (+0.6%, expected +0.3%), there has since been moderate buying interest for the Pound.
USD The US Dollar is relatively unchanged, generally trading in tight ranges across a broad range of currencies. The Federal Reserve policy statement is due for release later today including their projections for the US economy. President Joe Biden and Russia’s Vladimir Putin are set to meet for their highly anticipated summit in the Swiss capital of Geneva.
EUR Little change for the Euro also, investors await the latest inflation readings on Thursday (consumer prices).