23.08.2016 - The probability of decline of the British pound is high

The price of the British pound has shown growth recently on the background of the more-than-expected statistics on inflation, the labor market and retail sales. In addition, growth has been supported by the weakening of the US dollar. Today was published statistics on the balance of production orders in the UK which was -5 in August against the expected -9. According to our estimates, price fall with a high probability will resume in the near future and there is the possibility of opening short positions with a short stop and objectives at 1.3000 and 1.2800.

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