04.03.2014 - British failed to break through support

After a decline against the strengthening of the U.S. dollar, the British pound has reached the strong support at 1.6640, but failed to break through it. At the same time increased the probability of upward rebound to the levels of 1.6700 and 1.6750. We expect further growth of quotations of the British pound inside the rising channel. The target in this case is the upper limit of the channel and a maximum located near 1.6820. Central news this week will be the statement of the Bank of England, which will take place on Thursday (12:00 GMT).

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