Rabobank predicts that the GBP/USD currency pair, currently at a rate of 1.28500, will likely decrease and trade below 1.2600 within the next three months.

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GBPUSD Chart by TradingView

Analysts at Rabobank point out that softer-than-expected UK CPI inflation data have triggered a re-evaluation of the market’s Bank of England policy outlook, pushing the Pound lower. They expected the GBP/USD to be trading below 1.2600 on a three-month view.

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