GBP/USD: watch a break of 1.4500 to the downside - ANZ

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at ANZ noted the conditions surrounding the pound brings in the risk of a break below 1.4500 in GBP/USD.

    Key Quotes:

    "As the UK referendum on EU membership takes centre stage, appetite to own sterling is diminishing.

    The associated political and economic uncertainty is weighing on the pound against the backdrop of the twin fiscal and current account deficits.

    Potentially, a break in cable below key support around 1.45 could trigger a sharp move lower."
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