GBPUSD Bearish Pressure Continues

BoE kept the monetary policy unchanged.

BoE, at the same time, decided to downgrade this year growth’s forecast from 1.7% to 1.2%, as a result of mounting Brexit uncertainty. Bank of England Governor Carney later offered a speech, warning that the UK faces the weakest growth since the financial crisis, adding that a no-deal Brexit implies negative growth quarterly basis.