The British Pound is currently bouncing back, trading above 1.3500 as the US Dollar eases from its recent highs. Investors are particularly focused on the upcoming UK Consumer Price Index (CPI) report, scheduled for release Wednesday. This report may provide crucial insights into inflation trends that could influence the Bank of England’s hawkish sentiments. As the GBP/USD pair recovers from intra-day lows at 1.3485, it reaches 1.3525. However, it remains trapped within a bearish channel since last Friday’s highs, indicating a correction after a notable rally from the August 1 lows of 1.3145. Monitor these critical developments for potential market movements. Get more updates at entreprenerdly.com.