The British pound as well as the euro is under pressure from the dollar and is gradually getting cheaper. The observed decline is due to the beginning of the correctional wave 2. At the moment, the first part of the correction, which presumably will take the form of a simple zigzag, is formed.

This suggests a further decline. At least, it is worth forgetting about purchases for a while.

To sell on the expected movement in wave 2 you can already buy at current values. The potential is not large but quite enough for the profit.

Recommendations: Sell 1.1975, SL 1.2000, TP 1.1800.