The Pound Sterling (GBP) is experiencing a downturn against its major currency counterparts as traders position themselves ahead of the Bank of England's (BoE) interest rate decision scheduled for 12:00 GMT. The GBP/USD exchange rate has dipped, reflecting heightened market uncertainty, with the currency pair trading lower amid expectations of a potential rate cut.
In contrast, the Euro (EUR) and the US Dollar (USD) have shown resilience, with the EUR/GBP exchange rate benefiting from the Pound's weakness. As the market anticipates the BoE's announcement, volatility is expected to increase, influencing trading strategies across the board. A reduction in interest rates could further pressure the Pound, leading to increased scrutiny on how the currency performs against its peers in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2025-12-18 11:19
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.