- GBP/USD remains on the defensive for the third successive day, albeit lacks follow-through.
- The emergence of some USD dip-buying turns out to be a key factor weighing on the major.
- The downside seems limited as traders seem reluctant ahead of the BoE meeting on Thursday.
The GBP/USD pair struggles to capitalize on its modest Asian session uptick to levels just above the 1.2800 mark and turns lower for the third successive day on Wednesday. Spot prices currently trade around the 1.2770-1.2765 region, just a few pips above a nearly four-week low touched on Tuesday.
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