04.02.2014 - The British pound has not been able to break through the support line
The quotes of the British pound continued to decline and reached a strong support line at 1.6250. It would be hard to overcome this level. We expect an upward rebound. The target price in case of growth will serve the resistance at 1.6320, but the price can reach 1.6400 and 1.6350.
The central news this week will be a statement of the Bank of England, which will be announced on Thursday. We do not expect changes in the monetary policy of the country and expect growth of quotations in the short term.