GBP/USD holds gains near 1.2600 in quiet US holiday trade

The Pound Sterling registered modest gains versus the US Dollar on Monday in thin liquidity trade due to the observance of US President's Day.
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Fed's Bowman: High asset prices may have impeded inflation progress

Federal Reserve (Fed) Board of Governors member Michelle Bowman noted on Monday that the Fed's recent progress on inflation may have been hampered by rising asset prices.
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