GBP fell nicely after the BoE policy makers said the "U.K. economy is withstanding international pressures, while also signalling they have room to keep interest rates at a record low as inflation weakness persists" This is the reason for lower GBPUSD which has turned down nicely from our Fibonacci levels. Sharp is impulsive so looks like top is in place. We expect GBPUSD to continue lower in sessions ahead, with minimum three wave decline away from 1.5373.
GBPUSD, 1h
GBPUSD, 1h
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