Yuriy Ukazkin
According to some members of the Bank of England, British banks should cut lending abroad in order to spare funds for domestic borrowers. They say the UK banking support is vital for the British economy.
British banks are under increasing pressure as the BOE backs the UK government’s decision to expand the FPC mandate.
Forex.
According to , the British Pound keeps strengthening against the US Dollar. The experts report that GBPUSD is forming a big-scale upswing represented by wave А/В of Weekly
A further rally will probably encounter resistance around 1.6170 – 1.6181 and 1.6300. The current bullish move will be completed as soon as the price overcomes the bottom of the MF sloping channel and consolidates below 1.5489 (as shown below).
Yuriy Ukazkin
