Could the GBP / USD rates be below 1.25 until Christmas? - Pound Sterling forecast

Could the GBP / USD rates be below 1.25 until Christmas? - Pound Sterling forecast

Could the GBP / USD rate be below 1.25 until Christmas

GBP / USD hit a low of 1.267571 overnight, and although the pound rebounded above 1.27 during the early morning trade, the pound sterling is currently showing no signs that the greenback is really showing signs.

In fact, the pound has been locked below 1.30 for an extended period of time, and even if it has managed to put pressure on this key threshold, it has not kept its position.

This is not particularly surprising when you consider the relative health and prospects of individual economies. The US appears to be developing from strength to strength as the UK continues to pull away from the pillar towards continued Brexit tensions.