The Bank of England (BoE) interest rate decision may shake up the near-term outlook for GBPUSD if the central bank alter the forward guidance for monetary policy.
Current market conditions may produce a further decline in GBPUSD as retail position remains stretched, while the RSI pushes into oversold territory.
Fresh updates from the Bank of England (BoE) may produce headwinds for the British Pound if the central bank alters the forward guidance for monetary policy.