The GBP/USD pair retreated after the UK published a weak jobs report, which raised the possibility of more Bank of England interest rate cuts this year. It dropped to 1.3556, down substantially from the year-to-date high of 1.3870 as investors focus on the upcoming inflation report.
GBP/USD Forex Signal: Oscillators Point to More Downside Ahead of UK Inflation Report – 18 February 2026
