Being a trader for more than a decade I’ve seen many times news might not do the actual reflection of the market movement. Yesterday after a strong rally, the UK Pound falls even harder. For hours there isn’t any news about it.
My take is simple, traders are taking off their profits after seeing rates movement doesn’t push UK Pound any higher after the rate decision which is most likely the last news that can potentially push UK Pound higher.
Now, this is what Bloomberg has to say: