15.09.2015 - The British pound will show a strong movement after the consolidation

The price of the British pound continues to consolidate below 1.5460 and recently broke through the sloping support line. In case of decrease of quotations below 1.5350, we expect further decline to 1.5200 and 1.5000. On the other hand consolidation above 1.5460 will be the basis for further growth to 1.5550 and 1.5675. We expect increased volatility tomorrow after the release of data on employment in the UK and maintain the medium-term negative outlook.

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