The British pound witnessed an increase against the US dollar today, maintaining its gains for the second day in a row against the US dollar, despite the slowdown in wages in the United Kingdom during October.
the pound rose against the dollar by 0.2% to $1.2584, from the opening price of trading at $1.2556, and recorded the lowest level today at $1.2552. 

The British pound lost 1.3% last week against the US dollar, the first weekly loss in a month due to correction operations and profit taking from the highest level in three months at $1.2733.
European data today showed that average wages in Britain rose by 7.2% in October, which was less than market expectations for a rise of 7.7%, as these wages constitute a major component of domestic inflation, and the Bank of England believes that if they continue at current levels, they are very high. So that it is not consistent with reducing inflation to the 2.0% target in the medium term.
Despite these data, expectations still indicate adherence to interest rates in the long term, as they helped the British pound outperform during November.
The pound sterling topped the list of best-performing currencies last November thanks to tougher comments from Bank of England officials, after increasing the British minimum wage.

As for the US dollar, it witnessed a decline at a time of anticipation for inflation data in the United States, which will be released tomorrow, Wednesday, and which will determine a framework for the decision that will be taken. Note that the yield on ten-year US Treasury bonds fell by more than 0.5% on Tuesday, abandoning the highest level in a week.

As for the technical indicators on the daily term, they indicate the possibility of a gradual decline of the pound against the dollar according to the MACD indicator, but with the continued movement of the relative strength index above the 50 level.

*All data provided is intended for educational or informational purposes only and should not be considered investment advice.