GBP/USD Forecast: Fresh multi-year low, more to come

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 7, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    The British Pound is accelerating its decline this Thursday, as the greenback trades broadly higher across the board. The GBP/USD has briefly broke below 1.4565, last May 2015 monthly low, and trades around the level reaching a fresh 5-year low, given that the pair has not been around here since June 2010. There has been no certain catalyst for this latest decline, although a series of bad news are taking their toll on the GBP. First, the UK house prices surged 1.7% in December,

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