The GBP/USD currency pair continues to experience upward movement, currently trading at 1.2711, marking the third consecutive day of buyer activity. This rally is largely driven by comments from the Bank of England’s Governor Andrew Bailey, who indicated the possibility of interest rate cuts in 2025 if the consumer price index (CPI) maintains its downward trend. Such remarks have fueled market optimism, prompting stronger demand for the Pound Sterling. Traders and investors should keep an eye on inflation rates and further guidance from the Bank of England to gauge the future path of the GBP/USD. With market dynamics shifting, it will be crucial to remain informed on factors influencing the currency pairing’s movement and potential limits.