The cable is ready to test 2.00 level
07:37 2007/04/11

The pound gains against the dollar strong after the Eastern holiday andwill be ready to test the psychological level of 2.00. Currently the keyresistance is forming at 1.9913 followed by the psychological level of 2.00.The pound will break the level above 2.00 in the coming days. It seems that thepound is the strongest currency in the world for the moment. Rumors foreventually raising of the BoE interest rates and the good situation in the UKeconomy are the main reasons for the pound gains. Also the traders worldwideprefer to sell dollars and turn their investments into the UK currency. The USsituation continues to draw back investors turning their plans and investmentsinto much more security currency like the pound.

 

 


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