GBPUSD is in a downtrend in timeframes as 4H and D, it made a retracement and now it is resuming the downtrend making Lower Highs and forming a top, so this means in the structure of a trend the technical price action indicates a downtrend is forming.
About the fundamentals we saw news that Bank of England is assessing the possibility of negative interest rates, so this is bad for GBP because investors may take their money out and invest them in USD (Recently the fed announced that negative interest rates arent a measure they would take).
Conclusion: Fundamentals and technicals are pointing to a fall in GBPUSD
About the fundamentals we saw news that Bank of England is assessing the possibility of negative interest rates, so this is bad for GBP because investors may take their money out and invest them in USD (Recently the fed announced that negative interest rates arent a measure they would take).
Conclusion: Fundamentals and technicals are pointing to a fall in GBPUSD