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GBP/USD might trend sub 1.50level in 2015 – Investec

FXStreet (Barcelona) - The Investec Team forecasts USD strength to lead the GBP/USD pair to trade below 1.50 level in 2015.

Key Quotes

“The last day in 2014, a signature firework display on the South Bank of the Thames will power us into 2015 tonight. Looking into the Investec Bank PLC forecasts for 2015 we see the Euro to weaken significantly against the pound pushing it over the 1.30s.The USD is expected to strengthen against the pound and trend sub the 1.50level. Large moves are predicted not just here but from Banks all across the city.”

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EUR/GBP nears 2-month lows

The single currency extended its long run of losses against the British pound today and drifted close to two-month lows mainly on the Euro weakness.
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