GBP/USD grapples with 1.34 as markets weigh data outlook

GBP/USD cycled just south of the 1.3400 handle to kick off the new trading week, but intraday price action flubbed the key price level, closing back below the round figure barrier after cautionary statements from Federal Reserve (Fed) Chair Jerome Powell trimmed rate cut expectations and bolstered the Greenback.
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USD/CAD trades stronger above 1.3500 as Fed’s Powell signals a slow approach to rate cuts

The USD/CAD pair gathers strength to near 1.3525 during the early Asian session on Tuesday.
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