The greenback continues to remain supported on the back of better than expected US jobs data released last week, continues to weigh on the cable. The DXY trades higher by 0.25% at 95.14 levels, retreating from 95.34 session highs.
GBP/USD remains pressured as traders anticipate the BOE statement to be eventless with little impact on the pound. The policymakers are very likely to keep the monetary policy stance unchanged in May by maintaining the base interest rate at the record low level of 0.5% amid slowing growth and very weak CPI at the moment. Meanwhile, US labour market condition will be reported in the US session amid a data-thin trading session today.