Fundamentally, the US market data showed a pending recession, but according to Greenspan, the inflationary presseure is still there - by looking at the oil and gold prices. Would Fed raise or lower?
Personally, I believed Fed will lower it by a quarter point and that will not move the GBP/USD pair in any big movement.
Looking at the technical from the hourly chart, GBP has punch through the EMA200. It may go on further south to settle at the next support line at around 1.9835. From the daily chart, that's hitting the EMA55 line.
After which, I will expect a reversal.
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