i agree there is potential to go long GBP but i'm waiting a bit more to make sure the selling has subsided. i'd hate to catch a falling knife... right now it's roughly at support on the daily chart. it could retest 1.9760 and go below so i just want a bit more confirmation that it doesn't go much lower.
I think they will pup it up a bit everybody will load on the wagon and then shake everybody right off.