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- GBP/USD declined towards 1.2490 and saw losses in five out of the last six days.
- UK labour market data came in soft.
- British yields are diving as markets discount a less aggressive BoE.
In Tuesday’s session, the GBP/USD fell below the 1.2500 area near 1.2490, seeing nearly 0.14% losses. The main downward driver of the Cable is investors placing dovish bets on the Bank of England (BoE) and the Greenback recovering ground, and markets remain cautious ahead of inflation figures from the US from August.
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