A sudden turn lower in global market sentiment ahead of the weekend reignited demand for safe haven currencies at the expense of the British Pound.
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Pound Sterling endured a soft start to September but a series of events leaves the currency pointed higher over coming days.
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Pound Sterling rallied following a further boost to expectations that the Bank of England would raise interest rates in the first half of 2022, although gains were soon relinquished.
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UK tax rises are "significant enough to slow the economic recovery next year" - Pantheon Economics.
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The British Pound was a laggard on Tuesday following the announcement of fresh tax hikes in the UK, a move the government said was required to pay for the health and social care systems.
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The UK has confirmed it won't be placing any checks on goods entering Northern Ireland from the rest of the country, a move that analysts says removes a potential future flashpoint for Sterling.
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RBC Capital Markets are forecasting sizeable declines in the value of the British Pound before 2021 is out with losses extending into 2022.
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