Libra quietly monitors Cyprus

Pound to the dollar grows by 0.1% d / d in February 1511 for stronger information United Kingdom, which slightly exceeded market expectations. Attention of the market is heading but mainly the Cyprus Parliament to vote on the planned tax on bank deposits (17.00), which indicate further tendency of Financial Condition and ever crisis.

The pound plummeted in recent weeks several important aids which a gate further significant weakening and long-term levels zacílováním 1421 with initial aid, 1.47, 1.483, and 1.486. The main resistance is 1519 and especially 1527.

Pound since the beginning of the development departs from the Swiss franc but especially the euro against the dollar. Now, since the market took a downward trend that accelerated with the way the market could cope with crust material aid.

Josef Kvarda
Analyst
HighSky Brokers