I'm making money trading it. I agree to a certain extent but I'm only taking 40/60 pips per trade, per week from this pair.
Economic data and BoE decisions are back into play as Brexit fears and concerns are basically eliminated. GBP drop today clearly shows that since we got GDP, industrial and manufacturing production data today as well as BoE's Vlieghe comments about readiness to cut.
it's a fact that the daily average range is 40 pips........ but of course money can be made.........it is predictable not erratic and so may be traded. but the world is your oyster.....it is your choice