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Strengthening of the British currency is expected to continue

Strengthening of the British currency is expected to continue | 09 October 2015

09 October 2015, GBP/USD

In this pair everything has been formed as we expected.

The pound continues to strengthen against the US dollar and this is unlikely to stop.

Potential of the upward movement is about three hundred points so I will keep the open position, moreover, it has already transferred into the black.

Thus, in the future we expect a continued strengthening of the British currency in the framework of this scenario.

expected to continue strengthening of the British currency.

Vasiliy Lukin
FreshForex Analyst
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