British Pound retains a potential for growth

The British pound received a considerable support against the backdrop of the British Prime Minister T. May statements about soon achievement of the Brexit agreement and information that a trade agreement between the EU and the United Kingdom is already exist.  General weakness of the dollar is added to it and we can expect further growth from the GBP/USD pair.

Thus, for the GBP/USD pair, the level of 1.3020-30 is a significant resistance, breaking through which, in turn, will open the way to the marks: 1.3120-30 and 1.3150, which virtually fully compensates the pound’s decline in late October. The support levels are: 1.3000 and 1.2950.

Read also: “Collapse of the Turkish Lira. A threat to the market “

Hanzenko Anton

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