22.01.2016 - The British pound corrected after a strong fall
The price of the British pound today shows strong growth in connection with the fixing of short positions after a sharp decline of the previous days. It is worth noting that today was published a weak data on retail sales in the country, which fell by 1.0% in December, after rising 1.3% in November. Analysts had expected a decline of only 0.3%. In recent years, statistics from the UK continues to deteriorate, which, together with the expected volatility ahead of the referendum on membership in the EU will continue to put pressure on the price of the British currency. We expect further price correction, but it is likely to be short-term and fall will resume.