Forex
Pound Holds Steady Amid Pre-Budget Volatility Lows
The pound remains stable near the top of its recent dollar trading range at $1.3597, despite uncertainty ahead of key US and UK data releases.
US consumer inflation data is due Wednesday, while the UK's second quarter GDP figure will be released on Thursday.
Traders are reluctant to place large bets ahead of these events, adding to already muted currency markets.
The euro-sterling three-month implied volatility is at a multi-year low of 3.6%, signaling muted expectations for currency moves around the upcoming UK budget.