GBP/USD Faces Downside Risk as Dovish Shift Signals Caution
Bank of England’s Catherine Mann recently transitioned from a hawkish to a dovish stance, citing diminishing demand as a core factor. This unexpected shift introduces potential downside risks for GBP/USD, primarily if other Monetary Policy Committee (MPC) members echo her sentiment. The market will be watching closely for any signs of broader changes within the Bank of England. Currency traders should adapt to this evolving landscape for GBP/USD and align their strategies accordingly, as the balance between economic growth and inflation remains critical in upcoming policy discussions.