Barclays Capital on the prospects for the pound

According to analysts Barclays Capital, a pair Pound / dollar is trying to enter in an important area of support, which is located between the levels of 1.6340 and 1.6430 - a breakthrough that the field could be a signal to turn the trend. While the pound / dollar remains above the last level, bottom-up attitude pair remains. Subsequently, the motion may limit the range of 1.64 - 1.66. In the case of a breakthrough level of 1.6340 or fall below the trendline support at 1.6375 decline may continue up to 1.58. Regarding the euro / pound, the Barclays Capital currency strategists pay attention to the not very impressive growth in pairs, in spite of the appearance last week, signs of the formation of ground. Resistance in a couple of passes at the level of 0.86, in the case of closure above the trend line, which runs at 0.8622, you can further increase to 0.8700. Nevertheless, the couple is still below the last level by the end of the month possibly testing support at 0.8490. Now a pair of Euro / pound traded at 0.8606. Couple pound / dollar is now at around 1.6445.