# GBP/USD: Sterling appears to be overstretched - HSBC - Forex Crunch

> HSBC economists said sterling appears overstretched against the dollar, as recent gains were driven by momentum rather than fundamentals. They noted the UK recovery lags the US and Eurozone.

- Date: 2021-02-26 · published 2021-02-26T12:00:00.000Z
- Category: market · region UK · magnitude low
- Page: https://feedsoft.ai/events/48882-gbp-usd-sterling-appears-to-be-overstretched-hsbc-forex-crunch
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is an FX valuation view with no direct supply or demand effect on feed commodities.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2021/02/26/gbp-usd-sterling-appears-to-be-overstretched-hsbc/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.