The British currency is keeping to demonstrate the uncertainty in the further movement in the GBP / USD pair. Even the trade balance data could not support the sterling, according to this data the deficit in the UK fell to 3.3 trillion pounds.
It is worth noting that the market is poorly responsive to national statistics in anticipation of the upcoming referendum on the UK exit from the EU.
The GBP/USD technical analysis and forecast for the week 13 June 2016 – 17 June 2016
The pound has shown the predicted growth in the region of 1.4650, but the “bulls” on the pound were careful and fixed income. The RSI has strengthened in the neutral zone, indicating that the quotes will hold in the designated outset. The GBP / USD forecast for the week 13 June 2016 – 17 June 2016 considers a bounce up from the strong support level of 1.4400, but the growth of quotations is limited to 1.4600 area.
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