As markets will slowly start to see the next move in UK rates being down, not up, we think that a shift in rate expectations could drag the currency. 

The cyclical story is also unlikely to provide much support to the GBP, as short-term cyclical indicators, like PMIs, have started to turn for the worse again. 

Finally, unless and until there is a surge in risk appetite, supported by an improving global outlook, the challenging domestic forces will probably continue to weigh on the GBP.