The GBP/USD pair continues to run towards the 1.5750 area, a level that we feel is absolutely vital to the uptrend that had formed in the cable over the last year or more. The pair looks very weak, and there has even been a mention or two about the possibility of another round of quantitative easing out of the UK, and that would pummel the price of this pair. Also, it is worth noting that the UK has a whole slew of banks that are in danger of suffering losses in Greece and the periphery of the EU as well.
About FXEmpire.com:
The FX Empire presents a complete overview of Forex brokers, up-to-date Forex news, technical analyses and fundamental analyses empowering our readers to make the best possible financial decisions for themselves. Our analyses teams and our news desk bring you the latest Forex analyses and news throughout the day, everyday.
We are proud to announce that FX Empire is now available in more languages: Norsk – Forex-meklere, Dansk – Forex Mæglere, Eλληνικά – Χρηματιστές Forex, Português – Corretoras Forex and Türkçe – Forex Broker’leri.
