Wednesday, June 24, 2009

Pound continues to be in demand

The British currency is now trading with a very good mood, and, while rumors that SNB intervention in addition to Euro / Franke sold to the Swiss currency and against the American dollar, was forced to pound / dollar to adjust in the direction of $ 1.65, the movement has attracted new customers only , bringing back a couple can be seen around $ 1.6579. Ofer of $ 1.6600/10 remains an obstacle in the way higher, but the break above will open the way for further growth to $ 1.6650/60 with resistance at the intermediate area of $ 1.6630. Preclude attempts to reduce, of course, do not have to, but currency strategists Royal Bank of Scotland note that recent developments in the pair of signals on the possibility of bovine triangle, which indicate the potential for growth in the pound / dollar for $ 1.70 / $ 1.73.

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