21.04.2015 - We expect the fall of the British pound

The price of the British pound continues to decline after failed to gain a foothold above the psychologically important level of 1.5000. At the moment, quotations are located near the level of 1.5000 in case of the resumption of growth may return to 1.5000. On the other hand more probable is a continuation of descending movement to target levels 1.4700, 1.4600 and 1.4500. We maintain our medium-term negative outlook and expect that in the near future quotes will decline.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.