FXstreet.com (Barcelona) - The British Pound can not find a bottom ant its decline totals more than 300 pips so far, from 1.4600 on European session has broken 1.4300 and it advances towards 1.4220 support level.

Risk aversion has returned to the markets on U.S. session after the negative opening of Wall Streets and it has accentuated on a weak existing home sales report.

Below 1.4220, the Pound could find support at 1.4170 and 1.4130, if these levels fail to hold the Pound, next is Feb 18 low at 1.4085, below here the pound will visit three-week lows. On the way up a rebound from current levels should hold above 1.4300 in order to attempt an assault to 1.4360.