The British currency is rapidly losing ground

Bank of England's decision to increase the scope of quantitative easing to 75 billion pounds caused a rapid decline of the currency. Pound / dollar has lost more than 150 points, crashing from $ 1.5460 to the minimum region in July 2010 at $ 1.5280. According to one dealer, the interest in buying a pair of felt in the region $ 1.5240/30. Testing of this level can be a catalyst for further decline to $ 1.5210/00. Stops are located at the break. To date, the pound / dollar corrected from the minimum in the European session, $ 1.5272 to $ 1.5310 area. The current rate of the pound / dollar $ 1.5301.