Currency pair pound dollar GBP USD continues to move in line with expectations, at the moment there is a potential for a slight correction to 1.27, where we can expect the beginning of reduction within the mining Wedge model.
GBP USD Forex Forecast for December 15, 2016
The purpose of the fall of the pound dollar quotations on the area below the area of 1.2280. An additional signal in favor of the continuation of decrease in quotations pound perform sample support line on the indicator of relative strength. Among the important news from the UK, which may have an impact on the British Pound exchange rate tomorrow, December 15, 2016, is to provide, decision on the basic interest rate of the Bank of England, it is expected that the rate will be left unchanged, the planned volume of purchases by the Bank of England’s asset summary of the Monetary Policy .
GBP USD Forex Forecast for December 15, 2016 involves an attempt to fall within the beginning of mining forex Wedge pattern, however, important news can completely change the situation on the currency market.
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