Q4

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.

Heading into the final months of 2023, the GBP/USD was on a protracted downtrend. While we can’t rule out the possibility of an oversold bounce, we think that more losses are likely in Q4 with the cable likely to fall to 1.20 or lower. Forward-looking UK macro indicators paint a gloomy picture for the UK economy, while a hawkish Fed, rising risk aversion and rallying crude oil prices should all keep the dollar supported on the dips.