HSBC has raised the forecast for the pound

Published yesterday, the meeting minutes of the monetary policy of the Bank of England has been quite good for the bulls on the pound, given the consensus in the issue of preservation of previously agreed level of quantitative easing in the amount of stg125 billion, as well as the unanimous decision to keep rates unchanged. HSBC Currency strategists point out that evidence of the unwillingness of the central bank move to further strengthen the incentives are a positive signal in the long run, while the bank expected that as the economic recovery rates would be raised, which will also help to maintain interest in the pound. At the same time, rates in the United States, according to strategists at HSBC will be the lowest level of very long period of time, and the bank reported that a decision to revise its forecast for the pound / dollar at the end of next year from $ 1.60 to $ 1.75.