Pound Showcases Short-Lived Recovery. Forecast as of 23.01.2025

The GBPUSD pair has managed to rebound amid an increased appetite for risk and the stabilization of the UK debt market. However, Trump's tariffs remain on the table, and the Bank of England's rate cuts do not allow the pair to reverse the downtrend. Let's discuss this topic and make a trading plan.Major Takeaways Postponed Trump's tariffs have led to a rebound in the GBPUSD pair. Surging global risk appetite has supported the British pound. The Bank of England will make more than two rate cuts.