On the hourly chart, GBP/USD initiated a correction from the 1.2690 zone. The British Pound has since traded under the 1.2650 mark against the USD, indicating a shift in momentum. As the pair adjusts, analysts are observing the GBP/EUR recovery trend. These developments reflect the complex interplay of factors affecting these currencies. Traders should remain attentive to movements in both GBP/USD and EUR/GBP pairs as they could yield trading opportunities. Understanding these relationships is crucial for maximizing potential gains.