Today, GBP/USD has recovered to near the 1.2600 level after receiving a good boost from the 1.252 support level. The US dollar has struggled to find demand on Thursday as there are increasing signs of looser conditions in the US labor market ahead of Friday's jobs report.
In the latter half of the day, the weekly Initial Jobless Claims data from the US Department of Labor could impact USD pricing. A figure above 230,000 could reaffirm the loosening conditions in the US labor market and weaken the USD, potentially helping GBP/USD reach the 1.263 level.