GBPUSD languishes near a three-week low marked the previous day, stays defensive near 1.2710 as it portrays the market’s anxiety ahead of multiple US data and the Bank of England (BoE) monetary policy announcements scheduled for release on Thursday. EURUSD remains on the defensive for the fourth straight day and hangs near a multi-week low. Bets for more rate hikes by the Fed continue to underpin the USD and exert pressure on the pair. The fundamental backdrop seems tilted in favour of bears and supports prospects for further losses. The AUDUSD pair extends its downside above the 0.6500 area during the Asian session on Thursday. The pair loses traction for the second consecutive day following the softer Australian data and the risk-off mood in the market. AUDUSD currently trades around 0.6532, losing 0.1% for the day. #trading# #FX# #traderoftheweek# #GBP/USD# #euro# #AUD/USD# #NewTraders# #forexmarket# #TradeNotes#