BOE Bailey: Cannot say for sure that any further rate rise will be in smaller steps

BOE's Bailey is speaking on ITV and says that:

• not sure that any future rate rise will be in smaller steps

The GBPUSD is trading near session lows and within the wide swing area between 1.2209 and 1.22477 on the hourly chart, the price is below the up and down swing area between 1.2262 and 1.24447.