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Is the UK Facing a Currency Crisis?

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    As the cable continues to fall, reaching levels not seen since 2010, speculation is mounting that the UK is facing a currency crisis that could rival that of the Thatcher era. The Pound’s meteoric fall commenced in the middle of December and has continued unabated to its current level around the $1.44 handle. Subsequently, market strategists have rushed to downgrade their 2016 forecasts amid both US strength and a softening UK inflation outlook. In fact, ING Bank is now predicting a fall of 8

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