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flag Pound gains slightly on trade deal, but faces rate cut uncertainties and dollar strength.

flag Sterling rose slightly on trade deal news but faces uncertainty with the Bank of England's potential rate cuts. flag The pound increased to $1.3374, while the euro slipped to 86.38 pence per pound. flag Despite high inflation, many economists predict rate cuts in August and November. flag The GBP/USD pair shows bearish momentum, trading below 1.3420, as the US dollar strengthens ahead of the Fed meeting and GDP data. flag The EUR/USD pair is also weakening, hitting 5-week lows, due to concerns about the US-EU trade deal's impact on the Eurozone economy.

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