Powell is scheduled to appear before the U.S. House of Representatives Financial Services Committee at 10 a.m. EDT (1400 GMT). This is as part of Powell semi-annual monetary policy testimony to Congress.
Four economic releases that affect the pound are presented below. Trading around economic indicators can be a key challenge for the Forex trader.
Trade war fallout concerns weighed on markets. The euro dipped below $1.12 to a three-week low against a stronger dollar on Tuesday.
Bets on Sharp US rate cut drop held the dollar near three-week highs on Monday. Greenback kept its gains after last week’s strong U.S. jobs data.
Resumption of talks for next week is prepared to try to resolve a year-long trade war between the world’s two largest economies.