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GBPUSD plummets to fresh 8 month low

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 18, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    The bearish sentiment towards the Sterling/Dollar descended to new depths on Thursday after the currency pair closed below 1.49 for the first time since April and fell to a fresh eight-month low at 1.486. While part of the reason for this heavy decline in the GBPUSD has been due to the resumption in USD strength throughout the global currency markets, sentiment towards the Sterling has also been eroded by the Bank of England (BoE) Deputy Governor Nemat Shafik disinclination towards a UK rate

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