The Pound GBP faced downward pressure on Wednesday as the UK released its latest inflation figures, revealing a decrease from 3% to 2.8% in March. This slowdown exceeded expectations, leading to increased uncertainty about the UK economy.

According to the Office for National Statistics, the unexpected dip in inflation forecasts has raised concerns about growth prospects. As a result, the Pound Dollar exchange rate has been under significant strain, prompting market participants to reassess their positions and future outlook for the GBP amidst potential economic headwinds.