The negative signal for the British currency | 22 يونيو 2020
22 يونيو 2020, GBP/USD
GBPUSD trading plan:
The Bank of England decided to slow the pace of its bond-buying program from the current £10-to-11 billion run rate per week. Against the backdrop of rising infections, and without the prospect of a vaccine anytime soon investors, some are worried the economic recovery is likely to stall. The country is affected by the deadliest COVID-19 outbreak in Europe, its shell-shocked economy may soon be facing a no-deal Brexit and potentially a second wave of the disease. This is a negative signal for the British currency!
Trading recommendation: Sell 1.2430 and take profit 1.2400.
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.
