Forex Market Update : Epic Research Singapore

The pound drifted lower against the dollar Tuesday after U.K. inflation data came in slightly below expectations, signaling the Bank of England may be able to leave interest rates steady.

The pound GBPUSD, +0.05%  traded at $1.6190 Tuesday, compared to $1.6227 Monday evening.

The dollar USDJPY, +0.10%  traded at ¥107.17 Tuesday compared with ¥107.19 late Monday, hovering below a six-year high of ¥107.39 it recorded on Friday.

The euro EURUSD, -0.08%  was at $1.2947 from $1.2941 Monday.

The WSJ Dollar Index BUXX, +0.08% a measure of the dollar against a basket of major currencies, was down 0.04% at 76.32.

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