Pound to US Dollars heading to 1.7500?

Pounds to US Dollar Outlook is very bleak for a Technical Analysis Outlook.

It has been forming a major downtrend for a long time, and now it has broken the neckline of a head and shoulders pattern on the weekly chart. If you like point-and-figure charting, the downtrend has been visible since February. Market News reports that analysts at CIBC, no slouches at chart-reading, see sterling to $1.75/$1.76 and

"an overshoot towards the market base at $1.7050 cannot be ruled out."

Bye for Now

Barbara Rockefeller

For the Best Pound to US Dollar Exchange Rate contact IMS Foreign Exchange