The Pound Sterling (GBP) gains against its major peers in Wednesday’s London session as the United Kingdom (UK) inflation data for August came in hotter than expected.

The EUR/GBP cross loses its recovery momentum near 0.8445 during the early European session on Wednesday.

The EUR/JPY cross weakens near 157.20, snapping to a two-day winning streak during the early European session on Wednesday.

The USD/CAD pair attracts fresh sellers during the Asian session on Wednesday and currently trades below the 1.3600 mark, down less than 0.10% for the day.

The EUR/USD pair trades on a stronger note around 1.1125 during the Asian trading hours on Wednesday.

USD/CHF retraces its recent gains, trading around 0.8450 during the Asian hours on Wednesday.

GBP/USD inches higher to near 1.3160 during the Asian hours on Wednesday.

The Japanese Yen (JPY) retraces its losses against the US Dollar due to rising expectations of a 50 basis point Federal Reserve (Fed) rate cut on Wednesday.

The GBP/JPY cross struggles to capitalize on a two-day-old recovery from the vicinity of a one-month low retested earlier this week and meets with a fresh supply during the Asian session on Wednesday.

The Indian Rupee (INR) trades on a flat note on Wednesday after climbing to a month-high of 83.75 in the previous session.

The Australian Dollar (AUD) extends its upside for the third successive day against the US Dollar (USD) on Wednesday.

The USD/JPY pair attracts fresh sellers during the Asian session on Wednesday and slides back below the 142.00 mark in the last hour, eroding a part of the overnight gains and stalling its recovery from the lowest level since July 2023 touched earlier this week.

On Wednesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0870, as against last Friday's fix of 7.1030 and 7.0828 Reuters estimates.

The NZD/USD pair attracts some buyers around 0.6190 on Wednesday during the early Asian session.

EUR/USD halted a near-term bullish recovery on Tuesday, easing off of bullish pressure and chalking in an indecision pattern just above 1.1100 as Fiber traders buckle down for the wait to Wednesday’s appearance from the Federal Reserve (Fed).

The USD/CAD pair trades in positive territory for a fourth consecutive day near 1.3600 during the early Asian session on Wednesday.

GBP/USD pared back on Thursday, declining back toward 1.3150 as investors buckle down for the wait to Wednesday’s broadly-antiicpated rate cut from the Federal Reserve (Fed), where the US central bank is expected to kick off a rate cutting cycle.

The USD/JPY skyrocketed late in the North American session, trading at 142.44, up by over 1% after bouncing off a daily low of 140.32.

In Tuesday's session, the NZD/JPY pair rose by 0.95% above 88.00.

The AUD/USD has regained ground in Tuesday's session and has attracted some follow-through buyers, climbing to a nearly two-week high of 0.6755.

The Canadian Dollar (CAD) settled into familiar territory in the midrange on Tuesday after unimpressive Canadian Consumer Price Index (CPI) inflation data failed to spark a bid in CAD flows.

The Mexican Peso erased some of its losses against the US Dollar, gains some 0.30% after US Retail Sales data was better than expected.

In Tuesday's session, the EUR/GBP rose by 0.28% to 0.8450 and extended its sideways trading range tracking the narrow-range movements of the past sessions.

The British Pound erased its earlier gains and dropped below 1.3200 against the Greenback after the US Census Bureau reported stronger-than-expected US Retail Sales.

The EUR/JPY trades in the green, up by 0.48%, shrugging off worse-than-expected ZEW data from the Eurozone (EU) and Germany.

EUR/CHF reached a temporary bottom on September 11 and recovered.

Germany’s ZEW index reflected a sharper than expected fall in current conditions and expectations in September, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The USD/CAD pair climbs above the round-level resistance of 1.3600 in Tuesday’s North American session.

The Pound Sterling (GBP) is firm but little changed on the day, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

GBP/CAD is trending higher in a rising channel, however, it is close to touching the upper trendline of the channel where it is likely to meet firm resistance and will probably pull back down as a consequence.