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At the Forex currency market the British Pound Sterling rate is traded upward on Thursday, willing to keep on strengthening.

Forex forecast: MACD indicator for the pair GBP/USD has broken through the signal line from bottom to top and came into the positive area; however trades are sluggish and along the line; there is no a clear signal. Stochastic Oscillator came back into overbought zone and is giving a buy signal.

Forex recommendations: in case of breakdown at 1.5840, the pair will go to 1.5850 and 1.5870. A chance is high that the pair will consolidate at the current levels.

Realty in Britain is decreasing in price, according to Nationwide report, prices went down by 0.2% m/m in January, the decrease lasts for the second consecutive month. Although the data agreed with the forecast of economists, this fact is not very cheering. Thus, inflation in prices for houses in the country is really slowing down.

We shall not fail to take into consideration that sharp changes in sentiments are obvious in the housing sector. This sector can show sideways trend in the coming months

Presently, mixed sentiments in the market prevents the Pound to go upward, as investors questioned vital capacity of Greece, as well as lack of reasons for recessions in Eurozone. According to British Prime Minister Cameron, as long as EU authorities do not take energetic measures to implement anti-crisis program, there is no point to raise the issue of increasing IMF reserves. Therefore, Britain maintains tough stance in regards to the debt situation in Eurozone. Cameron thinks that Germany shall act faster and with more confidence. It became known today that consumer confidence index GfK rose to -29 points in January against the level of -33points in December. This is the record index since summer 2011 and is definitely very positive. According to the head of the Bank of England Mr.King, decline in inflation assumes possibility of additional QE; however, rates will likely remain at the current levels. King emphasized that recovery of the British economy will be slow and jerky. He also said that terms of lending are detrimental to economic recovery. At the same time the Bank of England is readyto provide liquidity to banks if a need will be.

Complex situation preserves in the labour sector. According to estimates, unemployment rate rose to 8.4% in November against the forecast of 8.3%, level of unemployed increased by 118 thousand over three months against +128 thousand in the previous three months.

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