The Dollar is under pressure on a busy day for U.S. data and as investors reduce exposure ahead of the Thanksgiving holiday in the U.S. on Thursday.
Dollar exchange rates could fall in December, allowing those with USD payments an opportunity for better values.
The Pound has come under relentless pressure against the Dollar, but could be due some relief near-term.
City Index analyst Fawad Razaqzada says a drop to $1.25 looks increasingly likely for the Pound to Dollar exchange rate (GBP/USD).