All we need is just more bears to pike into a Bull layer of support. There is no reason for a drop in the probability to the rate hike expectations of the UK, but that is wht happened.
I truly believe there will be a rate hike. I have written on this before and what I have studied. Of course, I could be wrong, but if I am correct, then this is just the beginning of a greater rally in GBP into a rate hike cycle.