The GBPUSD pair continues its downward movement, trading around 1.3310 during the Asian session on Thursday, marking its third consecutive decline. This shift is occurring amid growing anticipation for the U.S. Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) scheduled for release later in the North American session.

Market participants appear cautious as they react to comments made by former President Trump regarding positive prospects for a U.S.-China trade deal. These statements have contributed to fluctuations and uncertainties in the currency pair.

Traders are urged to stay alert as the ongoing developments may further influence the GBPUSD’s trajectory, especially in light of any new data coming out of the U.S.