Pound continues trading in a narrow range above the level of 1.31. Publication of the report on the pace of economic recovery in the second quarter did not make the proper impression to investors, according to which the UK economy has added 0.6%.
Pressure on the pound have the latest forecasts by Fitch, which provide a protracted recession in the British economy.
The GBP/USD technical analysis and forecast for the week 1 august 2016 – 5 august 2016
Currency pair GBP/USD shows a certain direction, “bulls” on the pound can not form correction. Relative Strength Indicator returns to the neutral zone, where possible new decline. GBP/USD forecast for the week 01/08/2016 – 08/05/2016 provides dollar growth to the psychological level of 1.30 after the Bank of England.