15.04.2014 - The British pound is waiting for data on inflation

The price of the British pound in recent days has gradually decreased. Currently the quotes are consolidating above $ 1.6700. If the price will fix below this level, we recommend to open short positions with the targets at 1.6650 and the lower limit of the upward channel. In case of renewed growth, the price can reach 1.6820. The course of trading today will be affected by data on the price index of consumers, producers and house price index, which will be released at 08:30 GMT. We maintain a long-term positive outlook for the British pound.

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