The GBP/USD pair edged higher, continuing its recovery after recent declines, but traders remain cautious as underlying market risks keep the rally in check. The pound has seen modest strength against the dollar, driven by improved risk sentiment and softer U.S. economic data. However, concerns over the Bank of England’s policy path and broader market volatility have kept gains limited. Despite the rebound, investors remain wary of the dollar’s resilience, as expectations for Federal Reserve rate cuts this year continue to shift. A recent dip in U.S. Treasury yields briefly eased pressure on...