BNP Paribas sees potential for a pound of growth

The U.S. currency remained under pressure after the publication of a report on employment, which is supporting the bulls in the pound / dollar, which is now again approaching Ofer in the region of $ 1.5110/15. The breakthrough opens the way to above $ 1.5140/50, followed by $ 1.5185, while BNP Paribas currency strategists note that the conditions of the continuing recovery "appetite for risk" implies the potential for further growth of the British currency. The Bank also draws attention to the fact that the Bank of England yesterday again expressed its concern about the weakening of the pound and its impact on inflation, and believe that in this situation, attempts to reduce the pound / dollar is used for purchases, with a confident break above $ 1.50 will allow to count on continued growth in the direction of $ 1.54. At BNP Paribas had forecast for this pair at the end of the quarter at $ 1.58 and $ 1.65 at the end of the next.