According to the analytic team of Lloyds Bank, the British Pound may come under pressure despite lower concerns over the BoE’s further monetary easing.
The bank experts anticipate that the rally of GBPUSD will encounter resistance at one of the levels within the 1.6096 -1.6167range. The further succession of events will depend on the Spanish bond auction: disappointment may lead to a decline.
According to , the British Pound will keep strengthening against the US Dollar. GBPUSD keeps forming sub- wave 3 or С inside a bigger-scale upswing - wave А(С)/С of level Н8 or higher. The closest major level of resistance is the MF pivot 1.6129. The current rally will be over as soon as the price breaks below 1.5963.
