16.01.2015 - The pound continues to grow within the channel

The price of the British pound today continued the growth within the local rising channel after rebounded from its lower limit. The reason for the current rise in quotes is unreasonably strong price decline of the British pound earlier. Despite this, the deterioration of the country's economic performance and the decline of the euro continues to put pressure at the British currency quotations. We predict that the price will continue to rise in the near future to the level of 1.5300, but keep medium-term negative view on the British currency.

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