- GBP/USD remains weak near 1.2510 in Thursday’s Asian session.
- Fed officials projected they will make just two quarter-percentage-point rate reductions by the end of 2025.
- Dovish BoE bets and Trump’s tariff threats could undermine the GBP.
The GBP/USD pair remains on the defensive around 1.2510 on Thursday during the Asian session, pressured by the stronger US Dollar (USD) broadly. The prospect that the Federal Reserve will slow the easing cycle this year supports the Greenback against the Pound Sterling (GBP).
The Fed lowered the Federal Funds Rate to a range of 4.25% to 4.5% in its December meeting,
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