The Pound finds support above 1.2580 but it remains unable to extend gains beyond 1.2670.
Soft UK data and hawkish comments from Fed speakers are weighing on the Sterling.
The USD has failed to capitalize on better-than-expected US GDP and Jobless Claims figures
The Sterling found support at the 1.2580 area earlier today, before bouncing up, favoured by a somewhat softer US Dollar during Thursday’s US Session. The pair, however, remains capped below 1.2665, which leaves the broader bearish trend unchanged.
The pair has been trading back and forth within a 100-pip horizontal channel, consolidating losses following a decline from Year-To-Date highs near 1.2900 in early March.
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