GBP/USD remains under pressure, hovering around the 1.2950 mark with the pair experiencing its second consecutive day of decline. The Pound Sterling (GBP) faces substantial obstacles driven by weakened risk sentiment, prompted by rhetoric surrounding potential tariffs on European products. Market participants are looking ahead to forthcoming UK GDP and factory data, which are expected to significantly influence currency movement. The economic landscape remains fragile, and traders should prepare for potential volatility. It is crucial to stay informed as these developments unfold, especially with looming economic indicators impacting market sentiment.