14.12.2015 - The British pound corrected before a significant increase in volatility this week

The price of the British pound, after strong growth reached the level of 1.5250 and started to correct downwards. As a result of reduction quotations may reach the level of support at 1.5100 and continue the decline to 1.5000 and the lower limit of the downward channel. In the near future the consolidation between the upper border of the channel and the level of 1.5100 may continue, but the medium-term outlook remains negative and we expect strong price movements in the nearest future.

October 23, 2015 of GBP-USD Performance

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