Pound Sterling forecasted lower against the US Dollar

Source: Pound Sterling Live
© Scanpix/AFP
The Pound is feeling continued pressure with the Dollar reaching higher levels. As the GBP/USD pair broke through both the 1.7 and 1.69 levels the soon due UK manufacturing PMI needs to show some really positive numbers to halt the decline. However, there seems to be further support for the USD from both the economy's data and institutions downgrading their forecast for the GBP/USD.
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