Bank of England Governor Andrew Bailey said that risks to economic growth from global trade shocks need to be taken seriously. Speaking on the margins of the spring meetings of the International Monetary Fund, Bailey emphasized that the UK, as an open economy, is particularly vulnerable to such shocks.Against this background, on April 23, British Finance Minister Rachel Reeves announced measures to protect British companies from dumped imports, especially from China. This decision is related to the introduction of US tariffs on Chinese goods, which may lead to the diversion of goods to the British market.In addition, Rachel Reeves said that the government does not intend to rush to conclude a trade agreement with the administration of US President Donald Trump, emphasizing that the national interest is more important than the rapid completion of negotiations.GBP/USD met resistance in the previously described range of 1.3300-1.3400. In case of a decline under 1.3200, the next significant support zone could be the area: 1.2700-1.2860.