19.05.2014 - The pound has corrected upwards

The price of the British pound, despite the absence of important macro, continued an upward correction after a strong decline. Within the correction, the prices reached resistance at 1.6840. For continued growth, the price needs to gain a foothold above this level. In case of resumption of downward movement, the pound can reach the support at 1.6770. Tomorrow at 12:30 GMT is scheduled the release of a large block of macroeconomic data on manufacturing and consumer inflation, as well as on the house price index. We keep a long-term positive outlook for the pound.

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