Sterling extends its downside momentum - Investec

By FXstreet.com | Updated July 25, 2014 AAA

FXStreet (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec, remarks the recent downtrend of the GBP.



Key Quotes



"Sterling crosses sparked back into life yesterday with both GBPUSD and GBPEUR closing approximately half a cent lower respectively".



"Although a half a cent move would not have made headline news a few years ago, the reality is that we have seen much tighter trading ranges over the last few weeks, so a few of our traders were rather excited!"



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