Friday, February 19, 2010

Standard Bank recommends to sell pound / dollar

Pound / dollar is trying to jump higher with fresh session lows, but sentiment remains negative, and currency strategist at Standard Bank recommends open short positions at current levels with a stop at $ 1.5750. The bank expects a further reduction of the British currency, the original purpose of which will support around $ 1.5170, and the subsequent - $ 1.4950. Pound is currently traded near $ 1.5394.

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