Technical analysis of the Pound (GBPUSD)

Pound weakness,

 

The pound often follows the dollar in turning when there is a loss of risk appetite. Just as we forecast a turn in the dollar, we have seen a turn in the pound against the dollar. This should continue.

 

The bearish narrative will be related to brexit fallout and either slowing growth or a return of inflation as the currency declines..

 

We have long claimed a top in thr UK real estate market. This is a continued call to leave UK assets behind for a better entry point in a few years.

 

HH