Recent US employment data caused the US dollar to strengthen last Friday, with non-farm payrolls surpassing expectations and wages also increasing. Additionally, investors anticipate that the Fed may start reducing interest rates in a few months, potentially weakening the USD.

Investors are closely watching the UK's employment data on Tuesday and the US CPI. The forecasted US CPI stands at 3.2%, similar to the previous month. Furthermore, Jerome Powell's press conference will undoubtedly impact the USD in the short term.

Today, Thursday, it is anticipated that the Bank of England (BoE) will maintain its interest rate at 5.25%. Bailey, who determines BoE policy, is expected to provide further insights into future policy decisions for the BoE.