Barclays recommends to sell pound against dollar

In the short term, pound / dollar, analysts said Barclays Capital, will consolidate below the resistance of 1.6415-1.6390. On the intraday range of motion Bank expects the spot rate below 1.6270 to 1.6075 and up to the recent lows at 1.5980. In the long term bank analysts have also recommended to hold short positions below the level of 1.6420.