21.12.2015 - The British pound has stabilized after a decline
The price of the British pound is consolidating near a local minimum of 1.4900 after showed a significant drop last week. In case of continued downward movement, quotes will reach the level of 1.4800 and 1.4600. On the other hand, the price can be corrected to 1,5000-1,5050 soon. Fixation above these levels will be the basis for continued growth of price to 1,5150-1,5250. We maintain a medium-term negative outlook but do not rule out short-term price correction.