FXstreet.com (Barcelona) - The Pound has reversed earlier gains and has lost about 130 pips in the next minutes after BoE,'s Inflation report.

The Pound has dropped violently after peaking at 1.4555,, and is heading towards 1.44. beyond that level, selling pressure can drive Sterling to 1.4360.

The BoE has depicted a well negative outlook on UK economy with year on year GDP contracting about 4% in 2009 to start picking up in 2010.