The positive signal for the pound! | 30 يناير 2020
30 يناير 2020, GBP/USD
GBPUSD trading plan:
We are expecting an uptrend for the British currency. Expectations for inflation over the next 12 months rose to 2.5% in January from 2.3% in December, according to the survey by pollsters YouGov, which said the data reduced the chance of a Bank of England rate cut. Longer-term inflation expectations for the next five to 10 years increased to 3.1% from December's 2.9%, at the top end of a narrow range they have been in since August. YouGov polled 2,067 adults on Jan. 20 and Jan. 21. This is a positive signal for the pound!
Trading recommendation: Buy 1.2977 and take profit 1.3020.
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.
