18.06.2015 - The British pound may rise to 1.6000

The price of the British pound shows a steady growth after breaking through the upper boundary of the rising channel and has overcome the target levels 1.5700 and 1.5800. Given the strong upward momentum, we expect the continuation of the current dynamics to the level of 1.6000, but to overcome this level will be needed significant incentive. We forecast further growth, but maintain a medium-term negative outlook.

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