British pound futures experienced continued selling pressure, reaching a two-week low of 1.355. This decline follows the Bank of England rate decision to keep rates unchanged, though a dovish outlook has led markets to price in a high probability of a cut in April. Despite recent weakness, the pound remains at the upper end of its multi-year range. Meanwhile, the U.S. dollar maintained upward momentum, trading near 90.77, which contributed to broad weakness across major FX futures markets. Trader Dan Deming notes that the combination of the Bank of England's tone and a strengthening U.S. dollar has placed the British pound under significant pressure compared to other currency pairs.