The British pound rising third consecutive day against the backdrop of speculation about the restoration of the British economy and end a two-day decline in the stock market. According to analysts BNP Paribas, British currency is still has a strong correlation with the stock market. However, the main factor contributing to the growth of the pound is the general improvement of investment conditions. The Bank believes that in a few weeks, a pair of pound / dollar may reach a level of 1.69. Regarding the short term, today, as expected currency strategists BNP Paribas, a couple has met resistance at around 1.6440. Then in the bank roll in the predicted area 1.6245 and 1.6080. While the pound / dollar fell to 1.6330. Nevertheless, the Bank believes that in the event of breakthrough resistance at 1.6440, a pair of pound / dollar could rush to the recent high at 1.6655. Now a pair of pound / dollar was at 1.6378. Demand in the 1.6325/20 (this level is the key, it can break a deeper correction to 1.6255/50) kept lowering the pound / dollar, and a pair of roll resistance at 1.6380/85. Next Ofer noted in the 1.6395/05 area. In the case of a breakthrough this area could further increase to a pair of 1.6440/50 and 1.6430.
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