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The GBP/USD pair posts modest losses during the early Asian session on Thursday. The recovery of the US Dollar (USD) and US Treasury bond yields exerts some selling pressure on the pair. At the press time, GBP/USD is trading at 1.2665, up 0.01% on the day. Meanwhile, the US Dollar Index (DXY) surges to 102.45, the highest in three weeks.
The GBP/JPY pair prints a fresh weekly high slightly above 182.00 as investors capitalize on risk-on mood. The cross advanced on Thursday amid hopes that the Bank of England (BoE) will begin reducing interest rates later than other Group of Seven economies.