21.01.2016 - The British pound accelerated decline

The price of the British pound, after some consolidation near the level of 1.4200, will continue to fall within the local descending channel. In the near future quotes probably will reach the psychologically important level of 1.4000, and then we may see a correction to 1.4310 and 1.4400. On the other hand, the overcoming of support at 1,4000, will lead to decrease to 1.3800 and 1.3600. Our medium-term outlook remains negative, but soon fall will probably end and we will see a correction.

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