BOE made a pre-emptive move by cutting key policy rate and adding to its monetary base. As most of these action are priced in, market is looking for more data to gain confidence in shorting GBP.
Looking at the sentiment:
The outlook is bearish for Pound, but whether a further move down is warranted pretty much depend on data releases.
Looking at the sentiment:
The outlook is bearish for Pound, but whether a further move down is warranted pretty much depend on data releases.