News from Great Britain alienated the zeal of the bulls on the pound

If Nationwide data on prices of housing today, showed a slowdown in the fall and have better forecasts, subsequent reports from the UK certainly do not have a reason to continue buying the pound. For current account deficit in the first quarter was significantly higher than forecast in stg6.5 billion and reached stg8.5 billion, while data for the previous quarter have been revised to stg7.7 billion to billion stg8.8 Meanwhile, much worse predictions turned on investments in the first quarter, while a significant adjustment of GDP for the period from -2.1% quarter / quarter and -4.3% y / y to -2.4% quarter / quarter and -4.9% y / y was the most an unpleasant surprise for the bulls of the British currency. Pound / dollar feeling the pressure even before the publication of reports, however, against the backdrop of negative news on earnings fixation long positions increased, resulting in the pair fell from levels near $ 1.6636 to bidam in the region of the figure. Here, however, retained an interest in buying, and now the pound / dollar held near $ 1.6634, while dealers noted that Ofer is now seen around $ 1.6640 and $ 1.6660. They note that the positive mood somewhat weakened, and they would not have been new attempts to exclude the reduction in the direction of $ 1.6600, or perhaps to $ 1.6580 and $ 1.6550/40.