BOE Bailey is added to his comment from earliers saying:The message from the BOE is that the situation is finely balanced.The rate path is still downwards over timeThere is more uncertainty now about when steps are taken.Yield curve will be considered for QT decisionsDomestic factors are main driver of decision to cut ratesThe GBPUSD has retraced some of the gains seen after the decision which saw the price run about the 38.2% retracement of the July trading range at 1.33865. The high price extended to 1.3436 but came up short of the 50% midpoint target at 1.3463. The move lower took the price back toward the 38.2% retracement level with the low price reaching 1.3390 - about 3.5 basis points from that support. Buyers have push the price back above the 1.3400 level and it currently trades at 1.3410.The backtrack toward the 38.2% retracement and holding above that level keeps the buyers in play. However, over time they would need to get the price back above the 50% retracement level to show they are taking back more control from the July sellers.For a longer term view from the daily chart perspective, see my earlier post here This article was written by Greg Michalowski at investinglive.com.