Pound Sterling has retreated against the Euro and Dollar but extended gains against the Australian and New Zealand Dollars amidst deteriorating investor sentiment.
According to the latest data showing how global investors view the currency, investor optimism in the British Pound has reached record levels.
The British Pound might find the Bank of England keeps interest rates elevated for longer as the Government agrees to a round of inflation-busting pay increases.
Pound Sterling continues to retreat from recent highs, helped along the way by UK retail sales data that showed a sharp slump in activity in June.