According to the Head of Bank of England E. Bailey, in June the regulator may expand the QE program. The Bank of England does not refuse any further measures - all options remain open. In the short-term negative rates are out of the question. Bailey does not want to exaggerate the difference between the monetary policy of the Bank of England and the program of perpetual purchase of government bonds.

GBP/USD, 30 min

Pivot: 1.2385