03.12.2015 - The British pound fell below the 1.50 the level of
The price of the British pound fell within the descending channel and failed to overcome the psychologically important level of 1.5000. This fact gives grounds for the continuation of the downward price movements to the targets at 1.4800, 1.4700 and 1.4600. In case of correction, price may rise to 1.5000 and the upper boundary of the channel. Our medium-term outlook remains negative and we expect a further fall of quotations in the near future.