Pound Sterling fell on Tuesday amidst increased bets that the Bank of England would be egged on by the Federal Reserve and cut interest rates again on Thursday.
Goldman Sachs says a faster pace of interest rate cuts from the Bank of England won't sink the Pound as the global equity backdrop will remain supportive.
Pound Sterling erased yesterday's losses against the Euro and Dollar thanks to a recovery in U.S. stock markets.
The British Pound rose against the Dollar, Euro and other G10 currencies following the release of UK job and wage data that showed no concerning deterioration in the labour market.