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Good day for the British currency

Good day for the British currency | 15 July 2019

15 July 2019, GBP/USD

Good day for the British currency

GBPUSD trading plan:

The British currency shows a positive trend for three days in a row. We are expecting the positive dynamics to continue this week. The yield of 3-month UK government bonds is 0.745%. Investors do not expect lower interest rates of the Bank of England. This is a positive signal for the UK currency. The low inflation environment and rising risks to the economy from the trade war between the United States and China, and cooling global growth are likely to see the Federal Reserve cutting interest rates this month for the first time in a decade. This is a negative signal for the dollar.

Trading recommendation: Buy 1.2552 and take profit 1.2595.

David Johnson
Analyst of «FreshForex» company
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