The pound sterling gave up the gains and fell sharply on Thursday. This coincides as neighboring Ireland and Scotland announced new measures to tackle the COVID-19 pandemic.
GBPUSD is down over 2.18% and is more pronounced compared to the BoE decision on Wednesday. Price is trading at 1.2585 and is threatening to break down lower. A break of this floor could open the way for a drop to 1.2200.
