14.07.2015 - The Bank of England hinted at raising rates
The price of the British pound showed strong growth today after the announcement of the Bank of England’s Governor Mark Carney in which he noted that is approaching the moment of rising interest rates of the Bank of England. At the same time the head of the British regulator said that the agreement on Greece will require considerable efforts. In addition, problems persist in a monetary union, and the situation with the Greek debt cannot be called stable. At the moment, the British pound is under the pressure of the falling euro and rising US dollar, but the rise in interest rates will lead to an increase in the British pound to the first targets near 1.60. Our medium-term outlook for the British pound remains negative.