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