Barclays Capital expects to strengthen the British pound in the next weeks

Analysts said Barclays Capital, the difference between day momentum indicator and price signals about the possibility of a significant strengthening of the British pound in the coming weeks. At the bank, look at what would be today's closing of the British pound in pairs with the U.S. dollar, euro, Swiss franc and the Swedish crown as well as the possibility to make a week-long U-turn is observed in all these pairs. With respect to the euro / pound consolidation below 0.9205 the bank's strategy is considered as a sign of bearish mood, and the breakthrough 0.9075 will cause panic among the supporters of the trend, knocking them out of long positions. Now the euro / pound is at 0.9100.