Thursday, September 24, 2009

Barclays Capital: the fall of the British pound may continue

The British pound again reduced. Euro / pound set a new five-month high of 0.9130, and, as noted currency analysts Barclays Capital, in the case of a breakthrough at this level a couple may rush to a mark of 0.93. Couple pound / dollar fell from the area above 1.6350 to a minimum below the 1.62 - the bank believe that the pound / dollar may well continue to decline to a level of 1.6130. Couple pound / yen fixed 4-month low at 146.50 - the inability of couples to rise above the 146.70 level will create a foundation for the formation tops. The bank also note that in pair with the Australian dollar, British pound reached a new 25-year low of 1.8505.

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