By looking at the calendar for the next days we spot an opportunity for a short. There should be no reason for price to go above the resistance a zone around 1.52, and it would be a good place to place our short, provided we continue seeing a decline in quality of UK inflation-related data.
Alternatively, a less risky move would be to wait for worse than expected US unemployment claims, which would probably cause a small and temporary rally which, as long as UK data remains bad, would give us a good price to sell at.
Fundamentals are a very complex subject. I'd appreciate any comments regarding this analysis.