Lloyds: Pound able to recover
Pound / dollar recovered from the area previously achieved a minimum of $ 1.5745 and is approaching the fifty-eighth figure, but still manages to keep the bears defense. Couple has adjusted to the area of $ 1.5780. According to one dealer, the breakthrough $ 1.5800 may be a catalyst for upward motion of a pair down to $ 1.5870/80. The nearest support pair is still in the area of $ 1.5745, $ 1.5744 level which represents a 76.4% correction of motion $ 1.5706/1.5869. According to analysts, Lloyds Bank, the British currency has all chances to continue the recovery, because in the short term the main economic risks are shared between the euro area and the U.S., while the UK has recently demonstrated good statistics. EUR / GBP is trading in stg0.8735. The current rate of the pound / dollar $ 1.5788.
Pound / dollar recovered from the area previously achieved a minimum of $ 1.5745 and is approaching the fifty-eighth figure, but still manages to keep the bears defense. Couple has adjusted to the area of $ 1.5780. According to one dealer, the breakthrough $ 1.5800 may be a catalyst for upward motion of a pair down to $ 1.5870/80. The nearest support pair is still in the area of $ 1.5745, $ 1.5744 level which represents a 76.4% correction of motion $ 1.5706/1.5869. According to analysts, Lloyds Bank, the British currency has all chances to continue the recovery, because in the short term the main economic risks are shared between the euro area and the U.S., while the UK has recently demonstrated good statistics. EUR / GBP is trading in stg0.8735. The current rate of the pound / dollar $ 1.5788.