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GBPUSD plunges to near six year lows

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Sterling bears received ample encouragement during trading on Thursday with the GBPUSD collapsing to a fresh five-year low at 1.4530 as expectations of a UK rate hike in 2016 rapidly diminished following the meek outlook for the domestic and world economies. Sentiment towards the Sterling remains heavily bearish and recent reports around analysts discussing the possibility that the UK pound may be the most overvalued currency in the world have eroded investors’attraction even further. For the

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