GBP/USD drifts higher ahead of late-week run of UK and US data

  • GBP/USD rose slightly on Tuesday, climbing toward (but still not able to capture) the 1.3400 handle. Cable is heading into a run of key inflation and business outlook data releases, with UK Consumer Price Index (CPI) inflation slated for Wednesday, with a double-bang of UK and US Purchasing Managers Index (PMI) survey results due on Thursday.