June British pound:
1. Although no official trade was published, in Wednesday’s (May 7) live meeting it was noted that the June British pound was expected to decline from $169.65 to $168.50 into Friday May 9 (+/-1 day).
2. The June British pound declined from the $169.65 level and completed the forecast $168.50 downside target in today’s (Friday, May 9) session (session low, $168.31, so far). This completes the forecast.