Recent Bank of England meeting supported the pound in the pair GBP/USD. All members of the Managing Committee agreed that most of the recent fall of the pound reflected the uncertainty surrounding the upcoming referendum on Britain’s membership of the EU.
GBP/USD technical analysis and forecast for 03/21/2016 – 03/25/2016 week
Pound shows the expected continuation of the correction to the upper boundary of the descending channel. The RSI indicator is pointing up, suggesting further growth of the GBP/USD pair to 1.4600 area. GBP/USD Forecast on the week suggests the test of the upper limit, and then the decrease is expected.
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