05.02.2014 - British pound is preparing for growth

The price of the British pound is consolidating around 1.6320. Further progress will depend on the dynamics of the U.S. dollar, which will depend on the labor market data in the United States. In case of further growth of the British pound, the target price will be at the level of 1.6400. Decline is limited by support placed at 1.6260. Today we should pay attention to the services PMI of Great Britain (09:30 GMT).

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