GBP/USD: 1.30 handle under pressure due to Brexit QE - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the British Pound resumed its decline this Thursday, plummeting against the greenback down to 1.2955, its fifth consecutive daily decline.

Key Quotes:

"The GBP/USD pair was already under pressure, but the slide accelerated after BOE's Ian McCafferty offered an explicit signal of further easing before the year end, stating that the Central Bank should be ready to deliver more easing, if the UK's economy continues deteriorating as a consequence of the Brexit."

"The NIESR GDP estimate suggest that output grew by 0.3% cent in the three months ending in July 2016 after growth of 0.6% in the three months ending in June 2016. The pair managed to bounce modestly after poor US data, now struggling to regain the 1.3000 level."