I expect that most of any anticipated rate hike in the UK has been priced in after the hawkish comments from the BOE. However since there is very low wage growth, and most of this inflation is currency driven, and with Brexit not going smoothly and expectations of GDP growth being slashed for 2018…. I think this will be a one off rate hike for the foreseeable future. Therefore I think the bull run on the pound is coming to an end. No such feeling regarding the Euro as the ECB is entering into a phase of taper which is kind of like raising rates or at least no more accommodating. A change in trend on the 4hr could be the start of a bull market here.