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Why I'm Shorting the Cable

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    If you didn’t get on the GBP short-sell bandwagon early last year, now might be a good time to jump on. The embattled currency has been making consistent and relatively significant losses since last year. With ludicrously low inflation and sluggish GDP growth, the Pound began its decline and the markets began to capitalise. Only exacerbating the issue is the talk of the “Brexit” which served to push the pair even lower as risk-shy investors sought safer markets. With the recent gains made

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