At 4.30 am ET Tuesday, the Office for National Statistics publishes UK consumer and producer prices for January. Consumer price inflation is forecast to ease to 2.9 percent in January from 3 percent in December.

Ahead of the data, the pound traded mixed against its major rivals. While the pound held steady against the yen and the franc, it rose against the greenback and the euro.

The pound was worth 1.3873 against the greenback, 149.39 against the yen, 1.2966 against the franc and 0.8880 against the euro as of 4:25 am ET.

Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From Mar 2024 to May 2024 Click Here for more Sterling vs US Dollar Charts.
Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From May 2023 to May 2024 Click Here for more Sterling vs US Dollar Charts.