Stabilization of the pound above the fifty-ninth the figure also supported by the proximity of the announcement of the meeting of the Bank of England led to the surrender of short-term bills, the speakers on the side of the bears, but dealers say that the approach to the $ 1.60 among the vendors active hedge funds and UK clearing bank, and in general the situation does not has undergone significant changes. The absence of signals of intent to increase the scope of QE may encourage the bulls to more aggressive action, but a slight improvement of short-term prospects will only be in the snatch pound above $ 1.6040 and $ 1.6060/65. In the meantime, the mood remains bearish and currency strategists UBS noted that the risk of new incentives in the UK is high, and attempts to restore the pound is likely to be limited. At UBS expects that by the end, the pound / dollar rate will reach levels near $ 1.50.
