GBP showing scope for further underperformance! British Pound vs US DollarFPMARKETS:GBPUSDFPMarketsFollowing softer-than-expected UK inflation data this morning, the GBP continues to sell off against its G10 peers. The GBP/USD is on track to record a fourth consecutive losing day, pressing through a 3M support at US$1.3373 (now marked resistance) and paving the way to 1Y support at US$1.3246. As a result, the path of least resistance for now is to the downside, offering short-term traders potential sell-rally scenarios to work with until at least the noted 1Y support level. Written by the FP Markets Research Team