LONDON, June 18 Reuters The pound slipped to trade around a onemonth low against the dollar on Tuesday as investors waited for inflation figures on Wednesday and the Bank of England39;s interest rate decision the day after that.

Sterling was also down slightly against the euro, pulling away from a twoyear high touched on Friday.

The pound has been buffeted over the last week by swings in the euro and dollar as global currency markets have digested U.S. inflation data, a Federal Reserve meeting and French President Emmanuel Macron39;s decision to call snap elections.

The euro has tumbled and the dollar has strengthened against most currencies as the threat of a far right government in France has pushed investors towards the safety of the U.S. currency.

Sterling was down 0.17 on Tuesday at 1.2683 as the dollar strengthened against most currencies, just above a onemonth low of 1.2658 touched on Friday.

Meanwhile, the euro was up very slightly against the pound at 84.52 pence, after sliding 0.6 last week to as low as 83.97 pence.

The BoE39;s monetary policy committee MPC is widely expected to leave interest rates at 5.25 on Thursday, though investors will scrutinise the accompanying statement for any hints about when borrowing costs might fall.

Consumer price index CPI data due on Wednesday is expected to show Britain39;s inflation rate fell back to the BoE39;s 2 target in May, from 2.3 in April.

Wednesday39;s CPI… will impact market pricing of just under two cuts…