Negative macroeconomic statistics from the UK | 10 سبتمبر 2019
10 سبتمبر 2019, GBP/USD
GBPUSD trading plan:
We are expecting a bearish rally on the British currency in the European trading session. A fresh UK labor market report will disappoint traders with negative data. Business activity indices in industry, services and construction are declining. This is factor will have a negative impact on the value of the pound sterling. A bullish rally in the oil market will support the British currency. Investors are increasing their long positions in oil amid a decline in hydrocarbon production in North America.
Trading recommendation: Sell 1.2349 and take profit 1.2300.
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.
