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.