Potential continuation of the downtrend. Relatively negative news for GBP at the moment with more threats of a second lockdown and with coronavirus cases rising. The dollar is picking up strength at the moment so may see the £ weaken further. 1Hr chart has seen a consolidation of the price through the Asian Hours and then a short in price running up to the opening of the European session. Stochastic showing a price reversal on both 1Hr and 4Hr chart. Daily suggesting the price may continue down to the 1.16037 support line.