Market Analysis - GBP

Before opening of the European forex market the British Pound suddenly fell from the level of $1.9990 to the low to $1.9932 after publication of an article in the British newspaper “Guardian that took interview with a councilor of monetary politics of Bank of English Mr David Blanchflauer. The “dove” of monetary politics from Bank of English warned that in Incorporated Kingdom all declare more loudly that the central bank should resort to more aggressive decrease in the key rate to recover the real estate market so and accompanying branches of economy. “In my opinion, the monetary policy remains too rigid, therefore we should undertake necessary actions and, the without delay, the better”, said Mr Branchflauer. Following meeting of Bank of England is planned for 8th May. Pound reacted to such a statement with fall, but demand at the level of $1.9930/20 could stop losses. Then GBPUSD sustained the pace of the youngest fall. Dealers noted that a strong bid exists in the range between $1.9990-$2.0000. If the currency will be down, it can be a hunting for stops below $1.9900.