Why Credit Agricole sees another 5 cent drop in cable via ForexLive

Credit Agricole looks for further declines Credit Agricole maintains a short GBP/USD position from 1.5450, with a stop at 1.5850, and a target 1.4850 (spot at 1.5350). The GBP has been under pressure as of late mainly due to falling central bank rate expectations. Increased China-related growth uncertainty and further weakening commodity price developments have been driving investors' UK inflation expectations lower.