Ireland Consumer Price Index (MoM): -0.2% (November) vs previous 0.5% | FXStreet

GBP/USD stays defensive below 1.3400 in the European session on Thursday, pressured by a modest US Dollar upswing. Nonetheless, the potential downside might be limited after the US Federal Reserve delivered a rate cut at its December policy meeting. Traders brace for the US weekly Initial Jobless Claims report due later in the day.