The GBP/USD currency pair is experiencing a dip, trading around 1.3365 during early European hours on Thursday. The decline comes as traders adjust their positions ahead of the Bank of England's anticipated interest rate cut next week, heightening market volatility and uncertainty.
The recent rebound in the US Dollar (USD) has further compounded the downward pressure on the exchange rate. As investors weigh the potential implications of the BoE's monetary policy decision, the market remains attentive to economic indicators that could influence the future trajectory of both the GBP and USD.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 05:46
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.