The bullish rally on the British currency | 20 سبتمبر 2019
20 سبتمبر 2019, GBP/USD
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.
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.
