GBP/USD DROPS TO 1.2400 AREA AFTER BOE CUT, US DATA

GBP/USD DROPS TO 1.2400 AREA AFTER BOE CUT, US DATA
GBP/USD DROPS TO 1.2400 AREA AFTER BOE CUT, US DATA

GBP/USD is falling and is near 1.2400.

The Bank of England cut interest rates by 0.25%.

Weak US economic data helped slow down the fall.

However, the pair is struggling to recover.

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