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GBP/USD falls below 1.25 by October 2026 amid BoE rate cut expectations

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GBP/USD falls below 1.25 by October 2026 amid BoE rate cut expectatio…

Market overview

A dovish BoE relative to the Fed and ECB will likely weaken the pound, with GBP/USD falling below 1.25 as rate cut expectations accelerate. Current market pricing does not fully reflect this downward pressure.

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Implied probability (Yes)
60%

Source: user-generated

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