BOE Pill is speaking:

  • We are prepared to do more to get inflation back to target
  • Changing 2% inflation target would not be a great idea

The GBPUSD has moved to a new recession low and in the process as entered into the swing area between 1.1991 and 1.2010. Dip buyers can lean against the low of the range.

GBPUSD
GBPUSD enters into a support area