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The British pound is moving lower against the US dollar, following the release of worse than monthly CPI inflation data from the United Kingdom economy.

The US dollar continues to trade in a narrow range against the Japanese yen currency, ahead of the release of Key Inflation Data from the American economy and a scheduled speech from Federal Reserve Chair Jerome Powell

Last week, the price of Ripple jumped sharply after a news report said that the company was planning to partner with SWIFT – the biggest provider of global financial messaging services.

The euro has recovered back towards the 1.1300 resistance level against the US dollar over-optimism that the United Kingdom and the European Union are close to securing a Brexit deal.

The British pound has surged higher against the US dollar, hitting 1.3045, following the news that the UK is close to securing a Brexit deal with the European Union.

The US dollar is once again trading above the 114.00 resistance level against the Japanese yen currency, following a brief dip towards the 113.50 support level.

The euro currency has remained under pressure against the US dollar during the European trading session, with price managing only a tepid move above 1.1250 level.

The British pound continues to trade below the 1.2900 level against the US dollar, despite a strong technical rebound from the 1.2826 level on Monday.

The euro has continued to move lower against the US dollar, as Italian political woes send the single currency towards the 1.1200 support level.

The greenback has climbed to a fresh monthly trading high against the Japanese yen currency, although buyers have so far failed to perform a higher time frame price close above the 114.00 level.