A positive signal from the Bank of England | 24 سبتمبر 2021

GBPUSD trading plan:

At its meeting ending on 22 September 2021, the The Bank of England’s Monetary Policy Committee judged that the existing stance of monetary policy remained appropriate. The MPC voted unanimously to maintain Bank Rate at 0.1%.The Committee voted by a majority of 7-2 for the Bank of England to continue with its existing programme of UK government bond purchases, financed by the issuance of central bank reserves, maintaining the target for the stock of these government bond purchases at £875 billion and so the total target stock of asset purchases at £895 billion. CPI inflation is expected to rise further in the near term, to slightly above 4% in 2021 Q4, owing largely to developments in energy and goods prices.

Investment idea: buy 1.3700 and take profit 1.3788.