GBP/USD down to 1.4430 from 1.4475
There were no big surprises from McCafferty but he said negative rates are a tool the BOE could use. He also said that he expects the next rate move to be up.
The pound was probably ready to roll over anyway as the US dollar catches a broad bid. The euro and yen were already at session lows and cable was pressing against support in the 1.4450 zone.
There isn't much support on the cable chart until close to 1.4380.
The US dollar suddenly finds itself on the rise with clear skies about on a few fronts.
