Sterling in tandem with the US dollar keeps negatively. The price chart has tested the support level in the area of $ 1.2414. It is known that the index of retail sales came out worse than forecast, and thus disappointed the market participants.It also shows that the price schedule is kept above the level of support and hints at the closing of short positions. If this trend will continue, it is still possible to prevent the purchase as part of speculative trading.
It is important to note that in the middle of next week's FOMC will held publication of the report. If the US dollar against the backdrop of this event will be strengthened, the sterling may continue the downward trend.
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