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Gold/GBP and GBP/USD chart confirms rate cut is priced-in

GOLD / BRITISH POUND (FX_IDC:XAUGBP)  
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FX_IDC:XAUGBP   GOLD / BRITISH POUND
xaugbp GBPUSD Gold GBP Currencies Forex trading Commodities
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xaugbp gbpusd gold gbp currencies forex trading commodities
The fact that we have GBP bullish formations on the Gold/GBP and GBP/USD pair a day ahead of the possible rate cut move clearly indicates an interest rate cut has been priced-in by the markets.

Gold/GBP - Head and Shoulder formation

GBP/USD - Inverse Head and Shoulder formation

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