British Pound softens to near 1.3250 as elevated US yields outweigh BoE’s hawkish tone

The GBP/USD pair loses ground to near 1.3250 during the early Asian trading hours on Tuesday. US Treasury yields ‌remain above 5% at multi-decade highs, supporting the US Dollar (USD) against the British Pound (GBP). Traders will keep an eye on the Fedspeak later on Tuesday.