Bank of America expects a gradual reduction in euro / pound

Euro / Pound began today with a slight positive mood, but the attempts were quite fearful of growth and once again have been used for the resumption of sales, resulting in a couple of levels near spikirovala stg0.8950 to minimize the session, which were identified in the area stg0.8885 . Subsequently, the euro regained some losses, but interest in the sale is now seen around stg0.8930, and euro / pound is now holding about stg0.8907, continuing to feel the pressure. Currency strategists Bank of America do not expect a rapid fall of straight couples, but believes that after the fall of the pound active in the recent past, the British currency is unvalued and has the potential to continue to strengthen gradually. The bank, therefore, expect that the prevailing mood in relation to the euro / pound will remain bearish, and have forecast the end of the quarter at stg0.89, expecting the decline to the end of next stg0.87 and stg0.85 by the end of year.