GBP/USD holds 1.29 and rebounds as dollar slips

The dollar has lost a bit more traction since earlier this morning and that comes amid further gains here across the European equity markets. The DAX has now risen back above 23k and as you can see that has come alongside a rebound back above the 1.0800 in the EUR/USD. The EUR/USD is right now close to session highs as the DAX makes a likewise move towards 23,050. The GBP/USD has lifted too, after earlier holding onto the 1.2900 handle. The rise is now approaching 1.2950 and tomorrow is potentially a very big day for the Pound. At 7am GMT we get the latest CPI and RPI inflation reports and then later the UK chancellor will deliver her Spring statement. The exact timing on the delivery of that in the House of Commons will be firmed up here in due course. The GBP/USD is right now at 1.2943