Sterling muscles up again as dollar wavers

Sterling returned higher anew on Thursday after falling yesterday, as the dollar wavers today after attempting to rise following the European Central Bank's meeting.
 
GBP/USD last traded at 1.2326, up from the opening of 1.2262, with a session-high at 1.2342, and a low at 1.2254.
 
Sterling's rise today comes as the dollar dithers after rising against a basket of currencies for the second straight session, before losing its gains and trading near the opening level.
 
Dollar's wavering comes after the ECB meeting weighed negatively on the euro, and after upbeat U.S. data, but investors preferred to hold back ahead of Donald Trump's inauguration day tomorrow.
 
A lack of U.K. economic data nudged the pound in the direction of the dollar and investors' mood, which buoyed it as demand grows mixed on the euro and the greenback.