The GBP/JPY pair attracts bids near 192.00 and flattens around 193.50 during North American trading hours on Tuesday. The cross bounces back as the Japanese Yen (JPY) loses strength after Tokyo announced the meeting with Washington this week for the third-round trade talks.
USD/MXN has broken below a key consolidation range, forming a bearish rounding top pattern and signaling further downside risks toward multi-month lows, Société Générale's FX analysts note.
The Pound Sterling (GBP) rises to near 1.3380 against the US Dollar (USD) during European trading hours on Tuesday. The GBP/USD pair gains for a second consecutive day as the US Dollar continues to suffer due to a one-notch downgrade in the United States (US) sovereign credit by Moody’s Rating.