FX.co ★ GBP/USD.Forecast for September 17, 2012

Rightmovehouse price index showed 0.6% decline against 2.4% fall in August.
Many economists think that after QE3 was announced, the BoE will increase the purchase of bonds and may be even reduce the interest rate at December meeting.
Airbus (EADS corporate group) and BAE Systems negotiations about possible merging initiated the UK market growth on Friday.
Locally, we do not have any news from the UK. The pound will not follow the general market direction.
After 1.6240 level is broken, the possible targets for growth will be 1.6285, 1.6301/06. Correction is possible towards 1.6180.