The bullish rally | 27 August 2019
27 August 2019, GBP/USD
GBPUSD trading plan:
We are expecting the continuation of the bullish rally on the British currency. Investors expect Federal Reserve interest rates to fall on September 18 and October 30. The Bank of England will not change monetary policy for two months. Lower Federal Reserve interest rates will force traders to sell the U.S. dollar. This factor will have a positive impact on the value of the British currency. B. Johnson's talks with the leaders of France and Germany at the G-7 summit were neutral. New talks are expected in September.
Trading recommendation: Buy 1.2210 and take profit 1.2265.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
