Credit Agricole waiting for growth of the pound to 1.35 dollars

The pound registered a winning session against the dollar on Thursday. British currency acquitted positive expectations and fully recovered the losses that was accumulated the previous day. Meanwhile, resistance at 1.3342 was breached and the pair made a test of the key level at 1.3496. If bullish sentiment continues in the future, it will be broken soon. Trade on Thursday started at a price of 1.3144 and the pound rose by 196 pips during the day. The highest value for the day was reached at 1.3469.

The pound may continue to grow to levels around 1.3500 dollars, which is the original purpose of growth, according to currency strategists at Credit Agricole. Bank of England made it clear that their policy probably will change in August.

The inaction of the Central Bank on Thursday was a surprise to the markets, which expected a reduce of interest rates. The bank's decision highlights the difficulties faced by the Bank of England in the absence of clear data on the country's economy after Brexit, as risk sentiments are recovered and the British pound corrected recently, commented analysts of the bank.

Yesterday the Bank of England unexpectedly left interest rates at 0.5%. Futures pointed likely to reduce interest rates at yesterday's meeting of 86% compared to 11% on June 23, the day of the referendum, say analysts.