03.10.2016 - The British pound has fallen sharply
The price of the British pound fell sharply today and reached the local descending channel's lower border. In case of correction after the recent decline, we expect growth to 1.3000 and the upper border of the channel. According to our estimates, the drop in prices will continue in the near future to the nearest target level of 1.2800, and then can continue it to 1.2600 and 1.2200. Our medium-term outlook remains negative.