With Britain facing a possible 'triple-dip' recession, the sterling-dollar exchange rate could take a further drubbing, says Mark Sturdy at www.sevendaysahead.com.
This exchange rate has been consolidating in a giant 'triangle' pattern since 2009. The bottom of this triangle has been strongly established on three occasions. If 1.5670 breaks, the minimum move is down to the December 2010 low of 1.5349.
