US Pre Market Open: Gained 50 pips on GBP/USD and 50 more pips on USD/CHF, closed USD/CAD with a 26 pip loss

EUR/USD pulls away from the daily high it set near 1.1200 and trades below 1.1150 on Thursday. The upbeat data from the US helps the USD limit its losses but the improving risk mood allows the pair to hold its ground in the American session.

GBP/USD loses its bullish momentum and retreats below 1.3250 after touching its highest level since March 2022 above 1.3300 with the immediate reaction to the BoE's decision to leave the policy rate unchanged at 5%. In the US, weekly Jobless Claims declined to 219K.

Gold loses its traction and falls toward $2,570 after climbing above $2,590 during the European trading hours. The benchmark 10-year US Treasury bond yield rises toward 3.75% in the Fed aftermath, making it difficult for XAU/USD to push higher.

Bitcoin extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points.

After a close call in August, the Bank of England’s September interest rate decision is keenly awaited for fresh cues on the bank’s future policy action and the pace of its bond sales.

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