Don't believe FED is moving rates anywhere too quickly
Continued economic uncertainty worldwide
Looks like it may have bottomed out here. Equally a move back to USD 1200 would not be too surprising (a lot of structure)
My longer term outlook is a push to USD 1400 mid 2017
Very interesting pair going forward. Obviously very volatile driven by news flow for now around Brexit negotiations. In my opinion we could we some further weakness in the pair over the coming months. However over the longer term I think this will turn out to be a great buying opportunity as the uncertainty moves ...