The GBP/USD pair spent the day at the lower end of its latest range amid the absence of fresh UK-related headlines and prevalent dollar's demand. Mixed US data, however, interrupted the greenback's rally despite US Treasury yields extended their advances to fresh multi-year highs. The UK calendar will also remain empty on Thursday, while minor data is scheduled in the US. The pair gained downward potential despite holding above its weekly low of 1.3450, as intraday recoveries stalled short of 1.3600, the previous selling level. In the 4 hours chart, the pair is developing below its 20 SMA that slowly turns south, ... (full story)