16.09.2016 - We expect a decrease of the British pound to 1.3000
The price of the British pound, after some consolidation around the level of 1.3225, has reached the upper limit of the local downward channel and started a decline within its frames. According to our estimates, the probability of further reduction of price to the level 1.3000 is high and in case of breaking through this mark we expect a decline to 1.2800 and 1.2600. The growth In the near future is limited by the support level at 1.3350. Our medium-term outlook remains negative and we expect a drop to 1.3000.