British Pound Forecast to Hit Further Lows versus USD
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Trade Implications – GBPUSD: Total positions remain roughly unchanged since last week as the Sterling trades near significant lows. Continued consolidation arguably increases risks that the British currency could soon bounce. Yet we’ll need to see a material turn in crowd sentiment before calling for a change in trend.
See next currency section:USDJPY - Japanese Yen Remains a Clear Sell until this Changes
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.