GBPUSD at lowest level since 2010 - Investec

FXStreet (Delhi) – Research Team at Investec, notes that the U.S. Dollar continues to strength after the first Fed rate hike since the financial crisis, whilst Sterling continues to weaken after the BoE’s dovish November Inflation Report (IR).

Key Quotes

“Softening UK data and Brexit risks continue to weigh down on the pound. In addition, risk aversion is building due to turmoil in China and oil prices at 12 year lows, lending further support to the U.S. Dollar. As a result GBPUSD has hit multi year lows, currently trading at levels last seen in June 2010.”