GBP/USD rises to 1.2307 (two-day high) on hawkish comments from BoE's Pill

Pill: BoE monetary policy must stay tight to lower inflation nS8N3BF08F

Pill negatively impacted GBP earlier this week, re: 2024 rate cut guidance

On Wednesday, BoE chief Bailey said 'really too early' to discuss rate cuts

1.2311 (NY high Tuesday) and 1.2338 (Monday low) are cable resistance levels

UK Sept/Q3 GDP data due Friday. UK Oct CPI data due next week; 4.8% YY f/c