Positive news for the British currency | 07 أغسطس 2019

GBPUSD trading plan:

Capital inflows to emerging markets will have a positive impact on the value of the British currency. Investors are increasing their long positions on corporate shares in Brazil, Turkey and Russia. This factor signals the demand for high-yield assets. The British currency is correlated with "high-yield" assets. The oil market will provide additional support to the British currency - GBPUSD and BRENT correlate with each other. Weekly data from the American Petroleum Institute showed U.S. crude inventories fell by 3.4 million barrels in the week ended Aug.2 to 439.6 million barrels.

Trading recommendation: Buy 1.2150 and take profit 1.2195.