British Pound continues to decline steadily 15-01-2016 by FXFINPRO Capital - Forex Forecasts
The price of the British pound, after some consolidation around the level of 1.4400, continued to decline within the local descending channel. In the near future, the current dynamics of price, quotations may continue to fall to 1.4000. In case of breaking through the upper boundary of the descending channel quotations can grow up to 1.4500 and 1.4600. We recommend to keep short positions and maintain the medium-term negative outlook, but do not rule out a correction after a strong decline.