FXStreet (Edinburgh) - In the view of Emmanuel Ng, FX Strategist at OCBC Bank, the pair could see its downside accelerated towards the 1.48 area. Key Quotes “The pound was trounced by a mixture of dollar strength and disappointing November UK construction PMI”. “Cable’s prospects we think may look increasingly tenuous following the break below 1.5000”. “If this level is not re-taken with any conviction, expect the pair to succumb to gravity and sink towards 1.4800”. For more information, read our latest forex news.