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Expert's opinion from FXFinPro


The British Pound may continue the fall

Today was published a strong labor market statistics in the UK. Thus, the unemployment rate remained at 5.1% in the country, the average monthly wage grew by 2.1% in 3 months, which is 0.1% more than the forecast. It is worth noting that the number of unemployed decreased by 18.0 thousand, which is much better than the expected decline of 8.8 million. Despite this positive, the British currency continued to fall in connection with the publication of the results of the poll in the country, according to which 52% of Britons support the country's exit from the EU and 45% are against such an initiative. Our forecast for the British currency in the next months remains negative with the potential of reduction by 1,3500-1,3600.

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