The British pound continues its free-fall, down for the fourth day, reaching a new year-to-date low around 1.3324 |
The market is now pricing in the potential for three or more interest rate increases from the Fed by the end of next year! |
GBP/USD grinds lower around the yearly bottom surrounding 1.3320 amid the initial Asian session |
GBP/USD extends to four consecutive days its losses hovers around 1.3330s ahead of FOMC minutes |
GBP/USD seems to have gone into a consolidation phase below 1.3400 following a three-day decline. |
GBP/USD stays depressed below 1.3400. Economists expect the cable to continue its move down |
Cable is trading within a narrow range in early Wednesday after hitting new 2021 low (1.3342) |
Cable is poised to extend the downside in the short-term horizon, noted FX Strategists at UOB Group. |