GBP/USD moved below the $1.25 mark yesterday, a bearish market development that has been confirmed today with the pound’s inability to recover. Separately, Bank of America’s currency analyst says that the pound should be regarded as an emerging market currency. Fundamental analysis: Pound is not a major anymore – BofA GBP/USD suffered a strong hit yesterday that pushed the pair below the critical $1.25 short-term support. The dollar attracted attention in the risk-off trading sentiment to advance against the pound. In the meantime, BofA currency analyst Kamal Sharma says that sterling should be classified as an emerging market currency, rather
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