Pound Sterling trades in mid 1.26s ahead of Bank of England meeting

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• Pound Sterling vs US Dollar rises to mid 1.26s as US Dollar weakens and BoE meeting appears on radar. 
• The Pound benefits from monetary policy divergence with the US Dollar as elevated inflation suggests more hikes to come in the UK.
• Trend remains bullish suggesting higher highs to come as GBP/USD continues rising.

The Pound Sterling (GBP), the oldest currency in the world, rises versus the US Dollar (USD) on Monday, following the coronation of a new head for its notes and coins in King Charles III.