GBP/USD tests 1.3000, faces headwinds due to dovish sentiment surrounding the BoE – FXStreet

The GBP/USD pair is currently testing the key level of 1.3000, but is facing challenges due to a dovish sentiment surrounding the Bank of England (BoE). This sentiment is putting pressure on the pair as investors remain cautious about the future direction of the British economy. The BoE’s stance on interest rates and monetary policy is contributing to the headwinds faced by the GBP/USD pair. Traders are closely monitoring any developments from the BoE that could impact the pair’s movement in the near future.