The UK economy has continued to show a high degree for the Brexit, The EU while continued increases the have now resulted in market participants expecting a rate hike potentially as soon as the end of 2017. Although there are increasing expectations for the next BoE move to be a hike instead of a cut, the risks to the UK economy remain to the downside as the ultimate test will begin once Article 50 is actually triggered. For those reason GBP is at fundamental bias. In the other side, USD has a fundamental bias , because is going to hike 3 times its interest in this year.The Fed's first interest rate hike of 2017 is likely to come next month because of indicators.
By the COT´s datas; we can see that the sentiment for the GDP is with -72%.
There is a nice Pattern in a consolidation.