The exchange rate pound to dollar falls rapidly

The exchange rate dollar to pound rises

In brief: Fall of the British pound exchange rate continues, USD recovers position against the overall market volatility.Fall of the British pound exchange rate continues, USD recovers position against the overall market volatility.

Dollar exchange rate continues to move upward relative to the pound. Couple pound to the dollar set a daily minimum at 1.5117. Nevertheless, according to currency analysts, Barclays Capital, the uptrend of the last month, which can be described as two steps forward and one step back, continue.

Strategy has positive outlook for the pair, while the pound / dollar holds above the 1.4940 mark. As the purpose of ascending the bank’s analysts raise levels of 1.5250 and 1.5350. In general, the bank believes that higher levels of demand for a couple of 1.5095 to continue. At the moment pair Pound / dollar is at around 1.5131.

Ukrainian Globalist
2010-07-05 12:21, Currency news.

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