The dollar was little changed against other major currencies in early trading in Europe on Tuesday, while the pound continued to give ground amid growing expectations of an interest rate cut from the Bank of England at the end of the month.

By 3 AM ET (08:00 GMT), the dollar index, which tracks the greenback against a basked of developed market currencies, was up less than 0.1% at 97.095, consolidating gains of around 1% since the start of the year.

The euro was up 0.1% at $1.1147, while Sterling bounced slightly after testing but failing to break through Monday's lows. It was down 0.1% at $1.2978, and at 1.1648 euros.

Source : Investing.com