GBP/USD Holds Steady as Traders Await US Inflation and UK Growth Data

The Pound Sterling (GBP) has maintained its stability against the US Dollar (USD) on Tuesday, with little movement in the GBP/USD exchange rate around 1.3508.

Market sentiment has been influenced by fluctuations in energy prices, with oil prices easing after a report suggested that Pakistan believes the United States and Iran may be approaching an agreement, despite continued tough rhetoric from President Donald Trump.

West Texas Intermediate (WTI) crude fell from an intraday peak near $84.69 to approximately $82.50.

Traders are now looking ahead to Wednesday's US Consumer Price Index (CPI) report, which could significantly influence expectations for Federal Reserve policy.