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GBP/USD Holds Near Three-Week Highs Amid Low Volatility

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The Pound to Dollar exchange rate (GBP/USD) has held steady around 1.3500, near its three-week high of 1.3530 seen on Monday.

This is due in part to exceptionally low market volatility, which has encouraged demand for higher-yielding currencies and benefited the Sterling.

However, Wednesday's US inflation data and renewed pressure on global bond markets could provide a major test for the Pound.

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