GBP/USD Short Bias – Bearish Fundamentals + Smart Money StructurBritish Pound/US DollarFX:GBPUSDrb_4xThe macro environment continues to favor USD strength and GBP weakness, setting up a clean short scenario both fundamentally and technically. Fundamentals First: Bank of England is expected to cut rates in the coming months as inflation falls and growth slows. June CPI came in lower than expected, and consumer spending remains weak. UK GDP growth is flatlining, and PMI data continues to signal contraction in services and manufacturing. IMF has warned the UK about fiscal imbalances and productivity issues, adding bearish pressure to GBP outlook. Meanwhile, the Fed remains on hold, with strong U.S. labor data, robust consumer spending, and persistent core inflation — supporting the USD. Institutional Outlook: JPMorgan and Citi see GBP/USD downside risks as BoE policy shifts from restrictive to accommodative. ING and BofA have noted bearish positioning building in GBP against the USD. Technical Setup: On the 4H chart, we’re watching a clean Head & Shoulders structure A break and retest of the neckline confirms downside continuation. Setup is backed by: Institutional sentiment Macro data divergence (UK vs U.S.) Smart money structure + liquidity zones