GBP/USD Trading Slightly Bearish Ahead of BoE Report
The GBP/USD pair has shown signs of a negative bias, remaining above the 1.3500 threshold as traders prepare for the Bank of England (BoE) Monetary Policy Report Hearings. During the Asian session, the pair experienced selling pressure, retracting from yesterday’s strong upward movement. Prices have settled around the 1.3515 mark. The modest recovery in the US Dollar (USD) adds caution for traders anticipating bearish trends. Ongoing monitoring of economic indicators will be essential as market reactions unfold.