Will BoE's Plan to Rundown QT Impact Cable (GBP/USD)British Pound/US DollarFX:GBPUSDPointBreak42Direct Impact: The QT slowdown itself is a small, modestly GBP-positive factor. It may provide a slight underpinning of support. If the BoE delivers the QT slowdown as expected and it's framed as a technical move, its impact will likely be overshadowed by the simultaneous interest rate decisions and guidance from both the BoE and the Fed. If you are looking to trade this, don't trade the QT headline in isolation. Trade the broader package of BoE communication and the Fed's decision. A "hawkish hold" from the BoE (holding rates but signaling they stay high for longer) combined with a "dovish" Fed could send GBP/USD meaningfully higher. The QT slowdown would be a minor supporting actor in that drama. (Unless of course the FED holds rates) In short: Expect a potential small, brief pop for GBP on the QT news, but the real moves will be dictated by the interest rate decisions and forward guidance from both sides of the Atlantic. If BoE and FED hold, it could be a great asymmetric short end to the week!