The GBP/USD currency pair has extended its decline, currently hovering around the 1.3475 level ahead of the upcoming US CPI release. The recent weakness in the Pound Sterling (GBP) can be attributed to two factors: the latest UK employment report and anticipated market volatility following the CPI data release. Understanding these elements is crucial for traders navigating the current market landscape. Keeping a close watch on upcoming economic indicators, including CPI, can aid in strategic trading decisions.