POUND RUPEE weekly Outlook for 18 to 22 Dec. 2017
gbp inr future this week closed at 86.1 with loss.
pound below 86.3 remain weak and in downtrend for bearish trend targets of 5.2 and then 83.5 rupees.
if sustain above 86.3, then expect sharp short covering rally up to 87.9 rupees.
from long term view, pound is in downtrend and look like bounce back move is over and pound resumed primary downtrend and heading lower towards previous lows.