According to JPMorgan*, traders should consider the possibility of selling pound sterling in relation to the euro on the rise in anticipation of a resumption of a decrease to 1.1409.

“There are still few reasons for optimism in the streaming stream for pounds, since the markets with fixed income remain relatively tense in the long run,” says Taylor Brum, the JPMorgan currency operation trader, in the market commentary on Monday.

“... we would like to sell a pound in relation to the euro to 1.1560 (buy euros at 0.8560),” he adds

* JPMorgan Chase & Co. - American transnational financial conglomerate, one of the largest banks in the world. Management Center-in New York, Manhattan district.