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Figure Heloc 
The GBP/USD pair edges lower to near 1.3480 during the European trading session. The pair is under pressure as the Pound Sterling (GBP) trades broadly uncertain amid firming speculation that the Bank of England (BoE) could deliver a number of interest rate cuts in the near term.
💡 DMK Insight
The GBP/USD slipping to around 1.3480 signals a critical moment for traders: uncertainty around the BoE’s interest rate cuts is weighing heavily on the Pound. With speculation growing about potential rate cuts, traders need to keep an eye on economic indicators that could influence the BoE’s decision. If inflation data or employment figures come in weaker than expected, we could see the GBP drop further, possibly testing support levels below 1.3400. On the flip side, if the U.S. dollar shows signs of weakness, it could provide some relief for the GBP. Watch for any statements from BoE officials, as they could shift market sentiment quickly. The daily chart shows a bearish trend, so short positions might be worth considering, especially if we break below key support levels. Keep an eye on the 1.3400 level as a potential pivot point for further moves in the pair.
📮 Takeaway
Monitor the 1.3400 support level closely; a break could signal further downside for GBP/USD amid rate cut speculation.
