05.08.2016 - Price of the British pound rebounded upwards after sharp fall
The price of the British pound after the strong decline yesterday and reaching the local support level at 1.3100 started to correct upwards. In case of continued negative dynamics and overcoming 1.3100, we expect the decline to 1.3000 and 1.2800. Within correction the price may return to the level of 1.3225. Our medium-term outlook remains negative and we expect a continuation of negative dynamics in the near future and medium term.