Pound Sterling climbed against all major currencies except an outperforming Australian Dollar on Thursday after official data cast the UK economy in a resilient light for the second quarter.
Pound Sterling underperformed most other major currencies in early trade on Wednesday after a widely anticipated rebound in UK inflation underwhelmed expectations and services sector inflation fell back to a two-year low.
Pound Sterling rose against all major currencies in early trade on Tuesday, driven by a bid in GBP/EUR, after official data showed employment rising and the unemployment rate falling late in the second quarter.
The British Pound might stay under pressure in the near term, but a "hawkish" cut from the Bank of England could help it reclaim its status as an outperformer.