Positive dynamics of the credit market | 29 أبريل 2020
29 أبريل 2020, GBP/USD
GBPUSD trading plan:
Rates on U.S. dollar loans are falling in the London interbank market, while interest rates on loans are rising in British currency. This is positive signal for pound sterling, since excess dollar liquidity has a negative effect on the exchange rate of the U.S. dollar. The interest rate on a three-month loan in U.S. currency in London is 0.84%. This rate was 25.7 basis points higher a week ago. The interest rate on a three-month loan in British currency in London is 0.641%. A week ago, this indicator was 0.2 basis points lower.
Trading recommendation: Buy 1.2450 and take profit 1.2500.
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.
