GBP/USD: Facing a Pivotal Moment as BOE Rate Cuts Loom
The British pound may be heading into a vulnerable phase. As the Bank of England edges closer to rate cuts, historical patterns suggest a consistent downside reaction in GBP/USD. On average, the pair declines 1.11% in the four days following a BoE rate cut. With resistance at 1.3000 and macro headwinds building, traders should watch for renewed bearish momentum.