The GBP/USD pair is trading lower on Wednesday, and it was the fourth consecutive day of sales of the pound.

The British Pound continues to recede in tandem with the US currency. The current quote in the GBP/USD pair is 1.4801. The pound stands at the minimum of eight and a half months.

Yesterday the fans of the pound were upset by expectations – regarding the expanding spread between the monetary policy of the ECB, the Fed and the Bank of England, and about the prospects for the New Year. The later the British regulator starts the phase of raising interest rates and the slower it will be, the greater will be the pressure on the GBP. The market is seriously discussing the probability of a referendum on the UK exit from the EU. It scares the market participants.

Read more >>