GBPUSD Faces Critical Breakdown: Key Trendline Breach Signals Potential 470-Pip Decline
Over the past three trading days, GBPUSD has exhibited significant volatility, rebounding from yesterday’s close at 1.3471 to a high of 1.35332 before retreating. UK economic data showed headline CPI cooling to 3.0%, while service sector inflation remains sticky, creating cautious sentiment around the pound. Soft UK jobs data strengthened the case for additional rate cuts by the Bank of England, adding pressure on GBPUSD. On the technical front, the pair has broken a key ascending trendlin















