The pair started this week with an upward correction after a major fall at the beginning of the month. On the other hand, the USD is gaining some significant momentum from the rising anticipations for monetary policy tightening by the Feds which is expected to happen in December.
Meanwhile, the Sterling is drawing its strength from the expectation of a significant number of important fundamental releases from the UK, these data releases are projected to show growth in their respective indices. The data on consumer inflation is set for release today. As a result of the obvious slump in the GBP, the consumer prices have been estimated to record a rise for the month of September.