GBP/USD recovers but faces downward bias amid UK economic challenges and expected rate cut.

The GBP/USD exchange rate has seen a recovery after falling due to tariff concerns and the UK's economic challenges. The currency pair is above key levels like the 1.2351-1.23759 swing area and has surpassed its 100-hour and 200-hour moving averages. The Bank of England is expected to cut interest rates this week. Despite some recovery, analysts predict a downward bias for GBP, with the 1.2245 level offering support. The pair's future will depend on the Bank of England's announcement and US employment data.

2 months ago
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