The greenback ticked up on Thursday, rebounding post hitting losses the earlier night, meanwhile the pound kept on hovering around its latest highs before the scheduled BOE’s policy meeting.

The dollar index that gauges the greenback versus its major pairs added 0.4% at 101.640 post slumping at 0.3% the earlier session.

According to the US consumer inflation dropped a bit in April, signalling that Fed may halt its hawkish stance in hiking interest rate.

Although the greenback losses were capped as the ambagious status on the US debt ceiling is still maintained, where Janet Yellen, the US Treasury secretary pointed the possibility of slowdown in the economy worldwide.

EUR/USD slid by 0.3% to 1.0946, returning to the mid of its trading scale through the earlier month.

GBP/USD dipped fell 0.3% to 1.2588, dropping from the highest level touched in one year of 1.2679 on Wednesday, where the BOE is poised to declare its 12^th consecutive increase at its policy meeting.

USD/JPY advanced by 0.1% to 134.51 post the yen hit solid gains during the earlier night.