The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming most of the G10 currencies as we enter Tuesday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The GBP/JPY cross attracts some follow-through sellers during the Asian session on Tuesday and moves further away from its highest level since July 2024, around the 200.35 region touched the previous day.
The Japanese Yen (JPY) trades with a positive bias against its American counterpart during the Asian session on Tuesday, though the uptick lacks bullish conviction amid mixed fundamental cues.