GBP/USD falls to 1.2659 after BoE's dovish stance.
BoE holds Bank Rate, hints at future cuts amid shifting views.
UK inflation drop fuels June BoE rate cut bets.
US Dollar bolstered by lower unemployment claims and economic strength.
The Pound Sterling tumbles sharply against the US Dollar and prints a new two-week low following major central banks' monetary policy decisions. On Thursday, it was the Bank of England’s (boE) turn to deliver a dovish hold, spurring a U-turn in price action. At the time of writing, the GBP/USD trades at 1.2659, down 0.97%.
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