GBP/USD trades in a narrow range below 1.2700, US GDP data looms

The GBP/USD pair trades in a tight range below the 1.2700 psychological mark during the early Asian session on Wednesday.
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Australian Monthly CPI comes in at 3.4% YoY in January vs. 3.5% expected

Australia’s monthly Consumer Price Index (CPI) arrived at 3.4% in the year to January 2024, compared to the annual increase of 3.4% seen in December, the Australian Bureau of Statistics reported on Wednesday.
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