GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. Fed’s Waller said there is no rush to cut the rate and may need to maintain the current rate for longer than expected. The dovish comments from BoE’s Bailey about rate cuts weigh on GBP. Investors will focus on the BoE's Mann speech, final UK Q4 GDP, and US GDP annualized data, due on Thursday.
The UK central bank turned dovish on the interest rate outlook, and this has exerted some selling pressure on the Pound Sterling . The BoE Governor Andrew Bailey said that interest rate cuts will be ‘in play’ at future BoE policy meetings. Market players will monitor the speech by BoE's C. Mann and the final UK Gross Domestic Product growth numbers for Q4 on Thursday.
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