Pound remains under pressure

After the attempt to pound back above $ 1.6325 has failed, the couple once again felt the increased pressure and carried out a foot below $ 1.6280, fell to fresh minimum session. Bidy of $ 1.6260/50 still keep the pound / dollar from further decline, but the mood, despite the positive data on ordinary income is negative, and the break below will open the way for further movement to the $ $ 1.6230/20 and 1.6205/00. Commerzbank analysts noted that, while the more positive data on U.S. housing market could put pressure on the dollar, the last before they can continue to strengthen, given the record of profits in anticipation of the weekend and the effect of the bombings in Indonesia. The bank also noted that the loss of support around $ 1.6280 gives rise to open a small short position in the pound / dollar with a reduction in the direction of the lower limit of the range of around $ 1.5918, while the signal of the return of optimism in the ranks of the bulls to return above $ 1.6300/50.