10.07.2014 - Price of a pound can sighnificantly decrease

After yesterday's growth, the price of the British pound started to decline due to negative trade balance data of Great Britain, whose deficit in May rose to 9.2 billion, that is 0.2 billion worse than forecast and 0.4 billion more than the previous record . At the moment, the price is trading near the lower limit of the upward channel and in case of breaking through it and consolidation below 1.7100 will start to decline sharply with the targets at 1.7060, 1.6950 and 1.6900. We maintain our positive outlook for the medium-term but do not exclude the possibility of price correction in the near future.

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