Pound / Franc after some stabilization in the early months of the last few days and resumed its downward movement today has reached fresh lows since March last year, again checking the strength of the defense in the Bulls Shf1.5900. It attempts to develop a pair of downward movement has continued to meet resistance, but currency strategist at UBS noted that the overall technical picture and the fundamental factors seem favorable for the bears. The bank recommended use levels are near Chf1.5980 for sales with a stop at Chf1.63 and calculation of the drop to Chf1.52, drawing attention to the risk that the Bank of England will have to go to the increase in quantitative easing.
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