Ryan Morrison
on February 12th, 2026 The pound slipped against both the euro and the dollar after this morning’s growth figures came in below expectations. With the Bank of England already split 5–4 on rates last week – far more dovish than anyone predicted – a weak GDP number hands the doves exactly the ammunition they needed. A March cut is looking increasingly likely, and that expectation alone is enough to keep a lid on any sterling recovery in the short term.
GBP/USD: the past year
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