GBP/USD is vulnerable to weakness - ANZ

FXStreet (Guatemala) - Analysts at ANZ noted the key bearish fundamental conditions surrounding GBP/USD.

Key Quotes:

"GBP/USD has been overshadowed on three fronts: political uncertainty, fiscal consolidation, and the prospect that the currency’s strength on a trade weighted basis could further delay the Bank of England’s tightening cycle."

"As such, the GBP/USD remains vulnerable to further weakness in the near term.