Thursday, July 30, 2009

Barclays Capital holds a moderately negative prognosis for the pound / dollar

Couple pound / dollar carried rapidly back support at 1.6310 area and the 50-day moving average, however, according to analysts Barclays Capital, a pair of growth will be limited to the upper boundary of the range at 1.6590. Currency strategists Bank have moderate downward projection, with a drop below 1.6310 would lead to further weakening of the pound to levels of 1.6240 and possibly 1.61. Now a pair of pound / dollar was at 1.6489.

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