22.07.2015 - The British pound has strengthened today
The price of the British pound after a long consolidation near the level of 1.5550 started to grow and reached the resistance level at 1.5650. The trigger for the growth was the publication of voting protocols of Monetary Policy Committee of the Bank of England, which decided to leave interest rates unchanged. Despite this, confidence in the closer start of monetary tightening in the country increased, which supported the demand for the British pound. Further movement of prices will depend on the statistics on retail sales in the country, which will be released tomorrow. We expect a decrease in quotations in the medium term.