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The GBP/USD pair remains near its weekly low, hovering around the 1.3500 level amid uncertainty over UK political developments and expectations of potential easing by the Bank of England. Market participants are closely monitoring the US PPI data release, which could influence the Federal Reserve's policy trajectory and impact the dollar's strength. The pair faces bearish pressure due to political instability in the UK and speculation about BoE rate cuts. This dynamic creates a challenging environment for GBP bulls, with technical indicators suggesting further downside risks.
