Sterling rose nearly one percent against the dollar to the highest since September 13, rebounding for the eleventh session out of fourteen from the lowest since June 27, following an array of data from Britain and the US, the world's largest economy. 

As of 05:46 GMT, GBP/USD rose 0.83% to 1.3272 from the opening of 1.3163, with a year high at 1.3288, and a session-low at 1.3161. 

Earlier UK data showed consumer prices accelerating by 0.6% in August, besting expectations of a 0.5% rise, and compared to July's 0.1% dip, while on a yearly basis, prices accelerated to 2.9% from 2.6%, also beating expectations of 2.8%. 

Core consumer prices accelerated to 2.7% y/y from 2.4%, surpassing forecasts of 2.4%. 

The Producer Price Index Input accelerated as well to 0.4% in August from 0.1% in July, while rallying 3.4% y/y from 3.2%, passing forecasts of 3.1%, as core producer prices steadied at 2.5%, also besting expectations of 2.3%. 

The upbeat data bolstered expectations of a Bank of England's interest rate hike and tightening of policy in the next few months. 

The BoC is scheduled to convene tomorrow for a periodic policy meeting, where it is expected to maintain interest rates at their record low of 0.25%, and the assets purchase program at 435 billion pound, while from the US, the JOLTS job openings rose unexpectedly in July. 

Euro tilted higher in American trade against the dollar following an array of data from the euro zone and the US, which showed the JOLTS job openings rose unexpectedly in July. 

As of 04:11 GMT, EUR/USD rose 0.03% to 1.1956 from the opening of 1.1953, with an intraday low at 1.2015, and the highest since early 2015 at 1.2092.

Earlier Italian data showed the unemployment rate fell to 11.2% in the second quarter from 11.6% in the first, besting expectations of 11.3%. 

Otherwise, European Central Bank Vice-President Vítor Constâncio pointed earlier to the importance of maintaining a sufficient degree of monetary policy to boost inflation towards the target, noting that the negative rates mechanism proved its usefulness in the euro zone. 

Constâncio added that negative interest rates policies require continuous monitoring, and noting that all indicators assert that the negative side effects of the easing policies have been overwhelmed by their positive effects. 

Last week, ehe European Central Bank voted to keep its Minimum Bid Rate unchanged at zero percent, and deposit rates at minus 0.40%, before president Mario Draghi said the bank will carry on its ultra easing buying program of 60 billion euros a month until the end of 2017, and extending it beyond that if needed. 

US stock indices opened higher on Tuesday, with S&P 500 marking fresh record highs, following earlier upbeat data that showed an unexpected rise in the JOLTS job openings survey in July. 

Concerns have dissipated overall regarding the North Korea nuclear situation and Hurricane Irma, with the later losing most of its strength already, in turn buoying risk appetite in the markets as eyes are fixed now on Apple's new iPhone debut later today. 

As of 03:32 GMT, Standard and Poor's 500 rose 0.16%, or 3.91 points to 2,492.02, while Dow Jones added 0.22%, or 48.36 points to 22,105.73. 

Tech-heavy NASDAQ advanced 0.07%, or 4.69 points to 6,437.96. 

Gold futures fell in American trade away from the highest since August 16, 2016 for the third session in a row, as the dollar index continued to rebound from the lowest since January 2, 2015, following earlier data from the US, the world's largest economy. 

As of 03:18 GMT, gold futures due on December 16 shed 0.30% to $1,331.70 an ounce from the opening of $1,334.70, while the dollar index rose 0.06% to 91.93 from the opening of 91.87. 

Earlier US data showed JOLTS job openings rose to 6.17 million in July from 6.12M in June, besting expectations of 5.96M. 

Otherwise, gold prices are gliding off one-year highs as the dollar regained its footing on short-covering, especially as North Korea nuclear concerns subsidized in the markets after Pyongyang refrained from any provocative action over the weekend. 

Concerns have also dissipated about Hurricane Irma hitting Florida currently, after it turned into a Category 1 storm according to latest updates by the US National Hurricane Center, in turn buoying risk appetite in the markets and sending Wall Street over one percent higher yesterdat.