GBP/USD downside risks gather pace – UOB

The research team at UOB Group expects the sterling to come under renewed downside pressure.

Key Quotes

“The downside risk is still intact but GBP has to break clearly below the major 1.4000 support before further sustained weakness can be expected”.

“Only a move back above 1.4190/95 would indicate that the downward pressure has eased”.