09.05.2014 - Price of a pound continues to decline within the correction
The price of the British pound continued to fall on the background of the fact that the interest rate of the Bank of England remained at 0.50%. In case of further decrease the price of pound can fall to the support level at 1.6900, after which we expect an upward rebound and the resumption of growth with the first target at 1.70. In case of continued downward movement the price may fall to 1.6840. We maintain a long-term positive outlook for the British pound.