24.03.2014 - Pound is losing ground
The price of the British pound has broken through the lower boundary of the rising channel and continues to move near the lower edge of the local downward channel. In case of further decline, the closest target is the level 1.6400. Growth is possible to the upper boundary downward channel and 1.6550 the mark. We maintain a long-term positive outlook and after the correction expect the resumption of growth.