GBP/USD: The pair is trading with clear dovish bias recording consecutive sessions of sharp decline. The pair is currently trading above the 1.2300 handle but has declined below the mentioned price mark several times in intra-day activity, hinting at the possibility of further decline given weakness surrounding GBP bulls on local factors. Traders now await US data for short term profit opportunities. 

Please feel free to share your thoughts with us in the comments below.