Intraday Market Thoughts

GBPUSD Pattern Recalls 1976 Crisis

by Ashraf Laidi
Aug 21, 2014 16:19

This week, GBPUSD will post its 7th straight weekly decline, which would be the longest losing streak since summer 2008, when Bank of England intensified its easing campaign. If GBPUSD also falls again next week, it will be the EIGHTH consecutive decline, something not seen since the 1976 sterling crisis.

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GBPUSD Pattern Recalls 1976 Crisis - Gbpusd Now Vs 1976 (Chart 1)


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