Pound may hit major low in early 2017
FXCM’s Jamie Saettele says fundamentals could also weigh on sterling next year
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The pound could hit a major low against its developed economy peers in early 2017, as a long-term cycle of printing significant lows kicks in, but until then sterling is expected to remain range-bound between support at $1.3050 and resistance at $1.3550, according to Jamie Saettele, senior technical strategist at FXCM, which topped FX Week's one-month currency forecast rankings.
"If you're going to get a major low in the British pound, it may well be early 2017," he
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