Ahead of the most recent Federal Reserve interest rate decision on Wednesday, the greenback geared towards the lowest level in five weeks while sterling gained ground in response to unexpectedly positive U.K. inflation figures.

The dollar index, which gauges the US dollar versus its major pairs against dipped 0.1% lower at 102.825.

The safe-haven dollar has suffered from the improvement in risk sentiment over the course of the week, but losses are modest early on Wednesday since attention is firmly fixed on Fed’s meeting.

The Federal Reserve is now anticipated to raise interest rates by 25 basis points, with some forecasting a hold on rates.

EUR/USD grew somewhat to 1.0772, just below the highest level in five weeks touched.

GBP/USD After inflation in the U.K. advanced once more in February, the pound jumped 0.5% to 1.2270, close to its highest level in six weeks, putting more tense on the Bank of England to continue hiking interest rates despite the current financial turbulence.

USD/JPY ticked up by 0.1% to 132.57.