The Pound Sterling weakness has sent the GBP/USD to a two-week low following the release of softer-than-expected inflation figures for February. This data heightened expectations for a potential rate cut from the Bank of England in May.

Traders must remain vigilant as GBP/USD movements may be influenced by forthcoming economic reports and policy statements from the Bank of England. A clear horizon may emerge only after these insights clarify market direction.

For those trading GBP, now is the time to strategize based on existing data while being proactive about upcoming announcements that may foster increased volatility.