The pound rate on Wednesday Forex trading has reached the 1.4000 level. The weak pound is good for the economy of Great Britain, first of all, for the English export, moving the Consumer price index to the goal indexes at 2%. That means that Bank of England will not be in hurry to revise the current monetary policy.
GBP/USD technical analysis and forecast on April 7
The currency rate GBP/USD is traded in the area 1.4000, the RSI on the four hour chart is testing the support area, which may lead to the rebound. The main forecast GBP/USD on April 7 considers the up correlation developing, but if the pierce of the support level 1.4000 happens, “bears” on pound will move to the local minimum area.
