30 Dec 2015
GBP/USD destined to the downside? - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank explained that cable looks soft; intraday gains topped out at 1.4840 three times overnight and the push lower in spot subsequently suggests GBP/USD is vulnerable to a further push lower.
Key Quotes:
"The market has – just – held on to support at 1.4805/10 over the past two days but weakness below 1.48 on a sustained basis (intraday) would point to further weakness towards 1.4650."
Key Quotes:
"The market has – just – held on to support at 1.4805/10 over the past two days but weakness below 1.48 on a sustained basis (intraday) would point to further weakness towards 1.4650."