The GBP/USD pair broke free from the recent low around 1.2620 and rebounded to 1.2660 at the start of Thursday's Asian trading session. The demand for the US Dollar (USD) weighed heavily on the GBPUSD pair ahead of a significant event in the United States.
Investors are currently awaiting the release of the US Personal Consumption Expenditures (PCE) Price Index for January at the end of the day, hoping for fresh momentum.