GBP/USD Forecast: How low can it go on Brexit?

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 24, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
    Likes Received:
    The GBP/USD pair fell to 1.3925 levels in Europe; lowest since March 2009. The offered tone is mainly due to the Brexit fears. Investors continue to get scared out of Sterling positions even though we have not had any fresh Brexit related news flow. Moreover, warning shots fired by major ratings agencies on Monday are hurting sterling big time. Double blow for Sterling The sell-off could continue not only because of Brexit fears, but also due to the risk-off in the equities. The oil driven

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