GBP/USD trades above 1.2650, upside potential seems limited due to cautious Fed GBP/USD edges higher to near 1.2650 during the Asian trading hours on Thursday.

The Pound Sterling (GBP) slides to near 1.2630 against the US Dollar (USD) in Thursday’s London session.

GBP/USD Price Forecast: Drops on risk-aversion, sellers eye 1.2600 The Pound Sterling tumbled against the US Dollar early during the North American session as traders digested the escalation of the Russia-Ukraine conflict, the result of the US Presidential Elections, and hot UK inflation data.