GBP/USD caught in the crossfire for the time being

The GBP/USD is not at this moment the main game in town. That mantle belongs to the EUR/USD today and also the EUR/GBP. The GBP/USD will have its day in the limelight next week, on February 6, when the BOE takes centre stage. Looking at all that has befallen the the UK economy and news surrounding that, there is a massive argument for the BOE to act aggressively on lowering rates next week. Information bought to the attention of this analyst over the past 24 hours suggests the economic situation is deteriorating faster than the headlines would suggest. No further detail will be provided here on that, beyond noting a significant rise in the number of UK bankruptcies right now. For the time being though that is not on the radar today. The push above 1.25 in the GBP/USD stalled at 1.2523 on Monday and low since then was set yesterday, at 1.2393. The GBP/USD closed in the US last night at 1.2452. The range so far today is covered by 1.2432 and 1.2460. All the while inside 1.2393 and 1.2523 the Pound can and probably will do whatever it likes without shifting the dial. It is currently trading at 1.2445