The British pound fell from the day's highs after the Bank of England left Bank Rate unchanged but left the door open to a cut in November.
There is one scenario in which the pound rises, and two in which it falls.
The British Pound extends gains against most peers on Tuesday.
The British Pound lost value against the euro and dollar after the ONS said UK economic growth flatlined in July, with increases in services and construction offset by a fall in production.
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