At 8.30 am ET Wednesday, U.S. CPI for July is set for release. Ahead of the data, the greenback dropped against its major counterparts.

The greenback was worth 134.86 against the yen, 1.0256 against the euro, 1.2119 against the pound and 0.9481 against the franc as of 8:25 am ET.

Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From Apr 2024 to May 2024 Click Here for more Sterling vs US Dollar Charts.
Sterling vs US Dollar (FX:GBPUSD)
Forex Chart
From May 2023 to May 2024 Click Here for more Sterling vs US Dollar Charts.