Bank of America reviews the Pound to Dollar exchange rate, which has settled below the critical 1.3000 mark. The firm warns of a potential downward shift towards 1.2600, driven by trade uncertainties. Despite these near-term risks, the bank remains optimistic about the medium-term outlook for the GBP, citing a robust performance against a backdrop of dollar weakness. Traders should monitor this currency pair closely, as shifts in market sentiment and trade discussions may create trading opportunities.