The GBP/USD fell below the 1.33 handle today as the dollar gained further ground against most major currencies. The GBP has remained supported against other currencies, thanks to a hawkish BoE and high UK interest rates. From the USD side, a hotter-than-expected CPI report has strengthened the case for further Fed rate hikes. This has dimmed an otherwise relatively bullish GBP/USD forecast. But with the dollar being the strongest currency out there, even the GBP/USD now faces downside risks. However, if you are bullish the pound then the GBP/AUD might be the one to watch for further upside potential. The Australian ... (full story)