- GBP/USD cycling 1.2700 as markets get ready for UK CPI inflation update.
- US holiday to leave Wednesday markets thin.
- BoE rate call looms ahead on Thursday, another rate hold is expected.
GBP/USD is churning around the 1.2700 handle as markets gear up for a lopsided Wednesday market session with a US holiday session on the cards and a fresh update on UK Consumer Price Index (CPI) inflation on the docket. Another rate call from the Bank of England (BoE) looms ahead later in the week, followed by a packed economic calendar on Friday with UK Retail Sales, UK Purchasing Managers Index (PMI), and US PMIs to round out the trading week.
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