GBP consolidates gains around 1.3400
The British Pound is holding steady against the US Dollar, consolidating recent gains around 1.3400.
Domestic risk is elevated ahead of next week’s key releases, including CPI and labour data.
Markets expect the Bank of England to hold rates, but are pricing in about 35 bps of tightening by year-end.
The pound is also being influenced by political risk, with a by-election scheduled for next week.