15, April 2013

GBP/USD (a 4-hour chart)

GBP/USD (a 4-hour chart)

GBPUSD continues quite strong growth, reaching new local maxima.

The pound is in high demand amid the strong macroeconomic data from the United Kingdom and Germany, as well as players' decision to change the focus from negative to positive.

Moreover, the problem of Cyprus which previously had a powerful pressure on the euro, now significantly supports risk currencies. Experts point out that the solving of the Cyprus problem is a small but convincing victory of the Eurogroup and the entire Eurozone.