Daily summary

The GBPUSD reversed back to below 1.2100 on Tuesday following the release of the latest UK inflation report. The UK CPI data showed a further slowdown in January, the signs of cooling UK inflation raised bets on smaller rate hikes by the BOE.

The dollar index (DXY), which tracks the currency against key rivals extend its weekly loss ahead of the most awaited economic data in this week's US CPI report. The US CPI numbers will be coming out at 13:30 (GMT) today.

The Japanese yen whipsawed on Friday's European session following the reports indicating that the Japanese government plans to tap former Bank of Japan Policy Board member Kazuo Ueda as the central bank's next governor.

The world’s most popular cryptocurrency Bitcoin (BTCUSD) slid to a fresh weekly low of $22,400 Thursday Morning. The good news is that the value of the crypto pair recovered slightly, after the drop now it's flirting with the $22,700 mark.

Indian rupee, Sensex and Nifty gained sharply on Wednesday after the RBI slowed the pace of interest-rate increases for the second straight time. The Reserve Bank of India hiked the key interest rate by 25 basis points and projected better growth.