Pressure to the pound remains, the pair GBP/USD rate dropped to a mark 1.2935.
Negative for sterling is to reduce the interest rate and the extension of the quantitative easing program by the British regulator. Forecasts for England economic growth is deteriorated for the next three years.
The GBP/USD technical analysis and forecast for the week 15 august 2016 – 19 august 2016
Pound showed a decrease of the current week, the GBP/USD pair is trading above the lower limit of the downward channel. The RSI may retarget to the testing of the support level that will lead to a reduction in the sterling to the July lows. But on Friday there is the pair above the 1.30 level, and is likely to quote GBP/USD next week will show trade in the rebound from the lower boundary.
