The pound is not yet able to recover its losses, which are already so significant that the rebound is self-evident. However, today it will be hampered by data on government borrowings, which should increase by 1.6 billion pounds. True, the pound is so heavily resold that further downward movement requires more significant factors. American statistics do not give rise to either growth or further decline. With a slowdown in house price growth from 6.4% to 6.3%, new home sales are expected to grow by 1.9%.
The pound / dollar currency pair, like its euro / buck counterpart, demonstrates aggressive downward movement, reaching already 1.3916, without any correction behind it. It is probable to assume a temporary stagnation within 1.3910 / 1.3955, where a correction movement with the first value of 1.4000 will follow.
