GBP/USD remains under heavy selling pressure below 1.2300 in the European session on Thursday. The BoE unexpectedly held rates steady at 5.25% after its September meeting. Odds of a November hike fall amid the UK's soft inflation and grim economic outlook.
EUR/USD is consolidating losses near 1.0650 in the European trading hours on Thursday. The Fed kept rates unchanged but indicated one more rate hike before the year-end. US yields sit at multi-year highs, underpinning the US Dollar ahead of data.
Gold price is holding lower ground near $1,920 in the European session on Thursday. Investors seem to shift their focus on upcoming US data after the US Federal Reserve's hawkish hold on Wednesday triggered a fresh US Dollar rally.