GBP/USD -9/5/2022-

• Pound is one of the worst performing currencies against the USD
• Dovish BOE adding pressure to the pair
• The R-word was highly sensed from the last MPC meeting
• Technically, the trend is still bearish and accelerating
• Break below the descending, already bearish channel signals an acceleration in the prevailing trend
• Bears now target levels within 1.20s, ranging from 1.20 to 1.2080