Currency strategists at Barclays Capital note that while investors are curtailing their activities ahead of the year-end, British currency looks extremely vulnerable.

The specialists claim that sterling seems to be under negative pressure in the majority of its crosses. The pair GBP/CHF slumped yesterday to the record minimum, GBP/AUD reached this year’s low and GBP/USD declined.

According to Barclays, if pound keeps losing its weakening will take form of the vast downtrend. In such case GBP/USD and EUR/GBP risk breaking support at 1.5485 and 0.8550 weighting on sterling even more.

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