The price seems to still be stuck in the channel, the previous analysis that I had posted on this pair was almost completed, but due to the interest rate hike and statement from Mark Carney on Brexit the pound had lost a lot of momentum. We could see a small retracement here as the RSI is near an oversold position, but it looks like the pound is going to drop over the coming days because of the uncertainty that is being caused by Brexit. I will upload this post once the price is getting ready to test the support of this channel or if I am able to spot any other signals, which might be able to determine this pairs future direction.
