07.10.2016 - The British pound may fall to 1.2000 in the near future

The price of the British pound showed a strong downward movement after broke the lower limit of the downward channel and the level of 1.2600. In the near future quotations may reach next target marks at 1.2200 and 1.2000, and then the negative dynamics will continue to 1,1500-1,1600. Within the price correction is possible return to the level of 1.2600 and 1.2700. Our medium-term outlook remains negative and the current momentum is likely to continue in the near future

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