26.01.2016 - The British pound is likely to fall further to 1.40
The price of the British pound keeps moving inside the descending channel after recently reached its upper limit and the resistance level at 1,4350. In case of breaking of this level and fixing above it, we expect continued growth to 1.4500 and 1.4800. A more likely scenario according to our forecasts is a continued negative dynamics of price with immediate objectives at 1.4080 and 1.4000. Our medium-term outlook also remains negative.