The GBP/USD pair extends the decline to near 1.2685 during the Asian trading hours on Thursday.

The Pound Sterling (GBP) refreshes over a four-month low below the round level of 1.2700 against the US Dollar (USD) in Thursday’s London session.

The British Pound posted losses of 0.10% against the US Dollar after US economic data suggested that inflation remains above the Federal Reserve’s 2% goal.

GBP/USD Price Forecast: Bearish bias pushes Cable below 1.2700 The British Pound posted losses of 0.10% against the US Dollar after US economic data suggested that inflation remains above the Federal Reserve’s 2% goal.