Friday, May 1, 2009

Barclays Capital: a pound is likely to rise above

Pound / dollar is slowly but surely continued to strengthen its position and is now under threat of being Ofer of $ 1.4940/50, but dealers noted that, while the proximity of this resistance may cause short-term bills to think about fixing the profits leap above can provoke the execution of a regular series of foot, putting at risk a key resistance near $ 1.4990. Currency strategists Barclays Capital, meanwhile, believe that the continued growth of the pound / dollar for $ 1.50 seems very likely, considering that until the couple kept above the trend line around $ 1.4610, its prospects look positive. The bank also warned that the ability to complete the day, the pound above $ 1.4920 today, will signal that the next few weeks it will be possible to expect the development of an ascending movement of $ 1.5350.

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