Still, the New Zealand Dollar has been unable to recover either due to many factors making investors hesitant to buy riskier trade-correlated currencies.
The British pound has been the center of the Forex world's attention lately, and of course this pair is highly sensitive to risk appetite in general.
However the accompanying wage growth figures proved less upbeat, with an unexpected fall in average earnings limiting Sterling's potential gains.
Amid a lack of fresh drivers, concerns about how the Brexit process could impact Britain's economic outlook continued to keep pressure on Sterling on Monday.
Strong employment or inflation data - both reports are due this week - are unlikely to help the pound significantly, analysts said.
However with the Turkish Lira (TRY) and other emerging currencies stabilising on Tuesday and little in the way of domestic data, the US Dollar ultimately remained largely stagnant yesterday.
In the absence of any new data today and with no-deal Brexit fears having cooled somewhat, the Pound is trading narrowly with the majority of its peers.
As a result, the currency has been highly unappealing amid last week's rise in trade tensions between the USA and China, as well as the emerging currency crisis in Turkey.
With investors seeking safe havens, riskier currencies like the New Zealand Dollar have been sold.
Downside risks have pressured the GBP/USD exchange rate lower for two consecutive weeks. As inflation continues to slow, future rate hike expectations are falling. Monday's economic calendar is devoid of data for the United Kingdom, and traders are going to be focused on Brexit headlines for the day as well as the new Turkey developments.
GBP also has a chance to gain ground on Wednesday with the latest inflation figures, with yearly growth expected to grow to 2.5% from 2.4%, which could boost "Sterling" value.
Key UK data will be published from Tuesday through Thursday.
With the United Kingdom data out of the way, the focus now shifts to the U.S. retail sales report due at 1230 GMT, which is likely to show that the USA retail volumes have dropped to 0.1% m/m in July versus 0.5% previous. Most investors still expect Britain to secure a trade deal with the European Union, but the risk of no deal is rising.
United Kingdom inflation is forecast to have contracted slightly month-on-month, but the yearly figure is expected to have improved from 2.4% to 2.5%.