Barclays Capital sees prospects for strengthening pound exchange rate

The British pound is preparing to leap

In brief: Barclays Capital is betting on the exchange rate pounds. Dollar exchange rate will continue to decline over short intervals.

Pound / dollar has sought a foothold in the field of 1.5400 against the backdrop of positive economic data. Support will now be provided at the level of 1.5350.

According to Barclays Capital currency analysts, assessing the current status of the schedule, it may be noted that while the couple is held above the trend line 1.5160, we can expect upward movement couples to 1.5525. Now the pound / dollar rate very close to the 1.5410 area, where, reportedly dealers are Ofer more on the way to 1.5450 up to 1.5460/65. Current exchange rate GBP / USD is 1.5403.

Igor Tringlers
2010-07-23 09:49, Currency news.

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