The GBPUSD is currently trading in a bearish market condition (just broke through the short term support level triggering a bearish market condition):

I guess the answer is YES, it looks like the GBPUSD will follow the Euro, and it will trade short until it hits the next LT support level.
As long as the GBPUSD trades below 1.4861, I will be looking for short opportunities.

Trade Safe!

Raul Lopez
http://www.straighforex.com/