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GBP/USD Falters: Political Risk and BoE Cut Bets Weigh on Sterling
Abstract：Sterling remains under pressure below 1.3700 as markets price in higher unconditional risks of a Bank of England rate cut.
The British Pound (GBP) continues to underperform against major peers, with GBP/USD slipping below the 1.3700 handle during European trading hours.
Bearish Drivers
The currency is being squeezed by a dual-factor bearish narrative:
Technicals
- Technically, the pair trades around 1.3685, with sellers maintaining control.
- Without a hawkish surprise from BoE officials or stronger-than-expected UK economic data, the path of least resistance remains to the downside.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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