03.06.2016 - Volatility of the British currency will remain high

The price of the British pound is consolidating above the level of 1.4400 and in case of growth resumption, will reach the levels of 1.4500 and 1.4600. On the other hand, the price fixation below 1.4400 will be the basis for the continuation of negative dynamics with nearest objectives at 1.4180 and 1.4040. According to our estimates, the volatility will remain at a high level and a drop in prices will be an opportunity for the accumulation of long positions due to the expectation of growth of quotations at the end of the month.

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