The British Pound futures market experienced a rebound as March contracts hovered between the 50-day and 200-day moving averages. Significant economic indicators from the U.K. provided an early boost, including a 1.8% surge in January retail sales and a manufacturing PMI reading of 52 for February. However, gains were tempered by expectations surrounding the Bank of England's rate path, with markets pricing in a 25 bps cut by April. Despite the improved economic activity and the sharpest surge in export orders in over four years, U.S. dollar strength continues to act as a headwind for the currency.