24.02.2016 - The British pound has overcome the level of 1.40

The price of the British pound continues to decline after fixed beyond the local descending channel and has broken through the local minimum at 1.4080. As a result, the quotes broke through the psychologically important level of 1.4000 and continued to fall, which may continue to 1.3860 and 1.3600. On the other hand, we expect the resumption of growth in the medium term and recommend to look for a buy signals with the growth potential up to 1.4600 and 1.5000. British pound volatility will remain high in the near future.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.