- GBP/USD oscillates in a narrow trading band during the Asian session on Thursday.
- Hawkish Fed expectations continue to underpin the USD and cap gains for the pair.
- The BoE’s surprise on-hold decision warrants caution for aggressive bullish traders.
The GBP/USD pair struggles to capitalize on the previous day’s goodish intraday recovery from the 1.2035 area, or its lowest level since March 16 and oscillates in a narrow trading band during the Asian session on Thursday. Spot prices currently trade below mid-1.2100s and remain at the mercy of the US Dollar (USD) price dynamics.
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