The British Pound advanced against the greenback during the European session, with the exchange rate rising to a high of 1.6875 as the economic docket reinforced an improved outlook for the U.K however, the GBP/USD failed to hold ground as investors scaled back their appetite for risk ahead of the U.S. session.

Talking Points
• Japanese Yen: Strengthens on Risk Aversion
• Pound: Consumer Prices Rise More Than Forecast
• Euro: Trade Surplus Widens, Led...