We expect a tense week for the multitude of news from the UK. The most important will be the decision on interest rates. Interest rate expectations are unchanged, but we'll get more clear details about the led monetary policy. This will give us any clearness when we can expect an increase.
On Saturday David Cameron has expressed concerns that he may need to start a campaign for exit of the UK from the European Union. This would happen if the negotiations with Brussels fail.
Important news from the UK:
Monday 17:00 (Speech by M. Carney)
Tuesday 11:30 (industrial production)
Thursday 11:30 (Balance), 14:00 (Decision of Interest)
The rise we see on the daily chart, stopped on the middle line of Bollinger. It seems the bulls regroup to test the top from the Thursday of 1.5158. Crossing and closing above this level and above the trend line that connects the last two maximums, will show us that the rise is likely to continue. There is a esistance round the level of 1.5200.
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