July 2010: that was the last time GBP/USD traded at current levels. Pound selloff accelerated after another batch of negative data, including manufacturing and lending readings. Not only the UK is heading back into recession, but market has rushed to price in another extension of the facility programs, as soon as next week. One should wonder however, if that would be enough. Anyway, and from a technical point of view, the pair has broke to the downside recent range, and trades comfortably below
