GBPUSD backslides after BoE rate cut with NFP looming aheadGBP/USD found a new hole in the floor on Thursday, declining towards the 1.2700 handle after fresh recession fears off the back of a miss in US Purchasing Managers Index (PMI) figures that mixed poorly with easing Pound Sterling flows after the Bank of England (BoE) delivered a broadly-expected quarter-point rate trim.
Source: GBPUSD backslides after BoE rate cut with NFP looming ahead (https://www.fxstreet.com/news/gbpusd-backslides-after-boe-rate-cut-with-nfp-looming-ahead-202408012304)