23.12.2014 - The British data disappointed traders

The price of the British pound fell after the publication of statistics on business investment, which fell by 1.4%, against the forecast of decrease by 0.7% in Q3 and growth of current account deficit of the United Kingdom to 27.0 billion against the expected 21.1 billion. It is worth noting that the price broke the lower limit of the corridor 1,5550-1,5800 and approached the level of 1.5500. In case of fixation below this mark, we recommend to open short positions with the target near 1.5000 and stop above 1.5650.

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