Calyon continues to sell euro / pound

Reversal pattern that had started on the chart euros / pounds on Tuesday, according to strategists Calyon, is a signal about the potential of the medium peaks form, with the confirmation of their fears was the fall of a pair of lower support at stg0.9024. In addition, the bank drew attention to the fact that today's minutes of the meeting of the Bank of England rates was not as negative for the pound, as many expected, but the fundamental factors and does appear to be more positive than before. At Calyon notes that the model estimates the fair value of the British currency at purchasing power parity basis points to a strong pound undervalued, and they prefer to continue its purchases against the euro.