British pound fell the most in three weeks against the dollar on speculation Bradford& Bangley Plc the U.K.'s biggest mortgage lender to landlords, will have to raise more capital as bad-debt provisions widened.
Tech View:
Pound is expected to be on downside for the day .currency lends its support at 1.96410 levels and holds resistance at 1. 98250 levels. the trading range is expected between 1.96500-1.98210 levels. currency is trading on the moving average and stochastic trending downwards thereby indicating the downside movement of the currency for the day. momentum also supports the currency to be on downside.
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