Dovish from BoE and watching GBP/USD for more bearish

Dovish tone from the Bank of England (BOE) is moving GBP to be down keeping selling pressure. Brexit debate could also support more bearish, and inflation rising is not enough to support for GBP. Morgan Stanley is expecting for GBP/USD to fiished with secondary ranging starting the bearish condition with the breaking the key support levels on the way for example.

There are the following news events which will be affected on GBP/USD price movement for the week:

• 2015-12-01 07:00 GMT | [GBP - Bank Stress Test Results]
• 2015-12-01 07:00 GMT | [GBP - BOE Financial Stability Report]
• 2015-12-01 09:00 GMT | [GBP - BOE Gov Carney Speech]
• 2015-12-01 09:30 GMT | [GBP - Purchasing Managers Index]
• 2015-12-01 15:00 GMT | [USD - Purchasing Managers Index]
• 2015-12-02 09:30 GMT | [GBP - Construction PMI]
• 2015-12-02 17:25 GMT | [USD - Fed Chair Yellen Speech]
• 2015-12-03 09:30 GMT | [GBP - Services PMI]
• 2015-12-03 15:00 GMT | [USD - Fed Chair Yellen Speech]
• 2015-12-04 13:30 GMT | [USD - Non-Farm Employment Change]

Anyway, as we see from the chat above - key support level at 1.4950 is going to be broken with 1.4565 level as the real bearish target at year-end for example.