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Technical :
- Break and retest entry, stops just above the Fib retracement,
- Outlook is strictly Bearish due to negative 10-year seasonality and alignment across 4H/Daily chart trends, while fundamental data leans heavily negative with notable Bearish sub-scores in both the Jobs Market  and Inflation Data
Fundamentals :
- Retail Sentiment + Instituitional Activities
- MUFG's Cook said: in a different world without the Hormuz closure, the UK would be positioned for rate cuts on the back of moderating inflation. Instead, the BoE is expected to hike at least twice this year while the economy contracts.
-Markets price an 86% chance of no change at the June 18 BoE meeting. Chancellor Reeves' cost-of-living package signals the government recognizes the pressure, but fiscal intervention cannot substitute for monetary clarity