Well the British economy is in stagflation and the pound is in a huge amount of trouble. There is no reason to buy it, just wait for rallies and sell. There has been some very large turnover this morning in the cable and this is most probably due to some very large option protection ahead of 1.8500. Watch for supposedly huge stops below 1.8490. EUR/GBP is sitting right on trend line resistance at .7990 and a break above .8000 will likely see more sterling selling. “It’s never too late to sell sterling”.