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Are you prepared for a 'fierce' drop in GBPUSD?

Sterling's fall from grace this week has been dramatic. Some disappointing UK data and strong USD momentum led to GBPUSD hitting a three-month low on Wednesday. Technical analysis of cable's prospects indicates a fascinating glimpse of a future when sterling hits multi-year lows and flirts with parity.  

That analysis has been carried out by Mark Sturdy, the founder and CEO of Seven Days Ahead. He says that although GBPUSD has been trading generally in a range for some years, if we break a continuation triangle, we could see what he calls a 'fierce' move downwards.

02:03 minutes
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