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The bullish rally on the British currency

The bullish rally on the British currency | 20 September 2019

20 September 2019, GBP/USD

The bullish rally on the British currency

GBPUSD trading plan:

We are expecting the continuation of the bullish rally on the British currency today. The BoE left its refinancing rate unchanged at 0.75%. Outlook for global growth has weakened due to US-China trade war; UK underlying growth has slowed but remains positive. Central bank forecasts expect inflation to remain below 2% target for the rest of this year. Bank of England officials said they were ready to increase interest rates in case of successful implementation of BREXIT. A large increase in wages signals a rise in inflation expectations in the UK economy.

Trading recommendation: Buy 1.2541 and take profit 1.2590.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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