The GBP/USD pair is facing challenges as speculation grows about a potential rate cut by the Bank of England. Alongside this, civil unrest is adding to the uncertainty in the market.
The British pound has been struggling against the US dollar as investors anticipate a possible interest rate reduction by the Bank of England. This speculation is putting pressure on the currency pair, making it difficult for the pound to gain ground.
In addition to the rate cut bets, civil unrest in the UK is also impacting the GBP/USD pair. The uncertainty and instability caused by protests and demonstrations are adding to the challenges faced by the currency.
Overall, the GBP/USD pair is facing a tough time as it navigates through these hurdles. Traders and investors are closely watching the developments surrounding the Bank of England’s monetary policy decisions and the civil unrest in the UK, as these factors continue to influence the movement of the currency pair.