Bank оf England meeting | 07 نوفمبر 2019
07 نوفمبر 2019, GBP/USD
GBPUSD trading plan:
We are expecting a bullish rally in the British currency today. The Central Bank of England will keep interest rates at the current level of 0.75%. The positive dynamics of wages in the United Kingdom will contribute to the growth of the consumer price index in the medium term. This factor will force the Central Bank to keep interest rates at the current level. This is a positive signal for the British currency! Additional support for the pound will be provided by the inflow of capital into high-yield assets.
Trading recommendation: Buy 1.2845 and take profit 1.2900.
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.
