GBP/USD STEADIES AROUND 1.2500, DOWNWARD RISKS AHEAD OF BOE DECISION
GBP/USD STEADIES AROUND 1.2500, DOWNWARD RISKS AHEAD OF BOE DECISION
GBP/USD remains steady around 1.2490 as traders await the Bank of England's (BoE) interest rate decision.
The BoE is expected to cut rates by 25 basis points to 4.5%.
The US ISM Services PMI dropped to 52.8 in January, down from 54.0 in December.
GBP/USD halts a three-day winning streak, with downward pressure on the Pound due to dovish BoE expectations.
BoE's Monetary Policy Committee is likely to vote 8-1 in favor of a rate cut.
