The GBP/USD pair maintained its offered tone through the early part of the European session, albeit lacked any strong follow-through selling. The pair was last seen trading around the 1.4185-80 region, down nearly 0.15% for the day. The pair continued with its struggle to find acceptance above the 1.4200 round-figure mark and witnessed some selling on the last trading day of the week. The downtick was exclusively sponsored by a goodish pickup in the US dollar demand and forced the GBP/USD pair to erode a part of the previous day's strong positive move.

The USD found some support from a follow-through uptick in the US Treasury bond yields, bolstered by reports that US President Joe Biden will announce a $6 trillion budget for the fiscal year 2022. The coming supply of government debt stoked fears about rising inflationary pressures, which might force the Fed to tighten its monetary policy. That said, a combination of supporting factors held traders from placing any aggressive bearish bets around the GBP/USD pair. On Thursday, the Bank of England's MPC member Gertjan Vlieghe indicated that the central bank could raise rates well into next year if there is a smooth transition from furlough and the economy rebounds more quickly than expected.