The GBP/USD pair fell during the course of the session on Tuesday, breaking down to a fresh, new low. As we approach the 1.48 level, there might be a little bit of psychological support, but ultimately this market should then head to the 1.45 handle. Ultimately, we look at rallies as selling opportunities, as the US dollar continues to be the favored currency around the world. Given enough time, we believe that sellers will continue to push this market lower again and again. We have no interest in buying this pair anytime soon.
