3/21, 7:17 PM (Source: TeleTrader)
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Pound declines ahead of CPI data, BoE decision

The British pound posted losses against most of its major global counterparts on Tuesday as traders braced for new United Kingdom consumer and producer inflation data coming up on March 22.

A day later, the Bank of England will announce its next interest rate decision and markets will be closely watching for all signals about future monetary policy moves.

The UK currency lost 0.60% compared to the dollar, changing hands for 1.22020 at 7:14 pm CET. The euro jumped 1% to £0.88193 a minute later.

Baha Breaking News (BBN) / MS