The GBP/USD currency pair experienced a notable decline of more than 1% following the Federal Reserve’s recent hawkish cut. As of Thursday morning in the Asian trading hours, GBP/USD trades at approximately 1.2590. The Pound Sterling receives upward momentum as the market anticipates that the Bank of England will maintain interest rates unchanged at its upcoming announcement. This expectation aligns with ongoing efforts to combat rising domestic inflation, which is currently a significant concern for the economy. A stable interest rate could provide the necessary support to the GBP, keeping it afloat amid inflationary pressures. Traders and investors should closely monitor economic indicators that might influence the Bank of England’s decision-making process.