FXStreet (Edinburgh) - Kit Juckes, Strategist at Societe Generale, sees GBP under further pressure in the next months. Key Quotes “GBP/USD has been tracking rate expectations pretty faithfully and at the moment, futures price rates at almost identical levels in a year’s time”. “If the UK economy loses momentum, the window for UJK rate hikes will get even smaller. If stronger US data revives the possibility of a more protracted Fed tightening cycle, rates will move in favour of the dollar”. “And of course, if (when) ‘Brexit’ becomes a market driver, sterling is very vulnerable”. “There might be a 65% chance that EUR/GBP and GBP/USD are simply a function of what EUR/USD does in the months ahead, but the other 35% possibility is that sterling falls”. For more information, read our latest forex news.