The GBP/USD pair jumped 0.62% after the Bank of England Chief Andrew Bailey appeared to throw out the possibility of negative rates. Bailey said he saw “lots of issues” with the sub-zero rates, adding that the move could hurt banks. The Pound soared as a result of the statement and was also given additional propulsion from improved risk sentiment in the market, following yesterday’s risk-averse market plays. Today’s bounce looks to have truncated the bearish break from the rising wedge. However, the daily candle has met resistance at 1.36117. A resumption of the bearish move is possible, targeting 1.35134 initially, ... (full story)