Positive news | 22 Marzo 2019
22 Marzo 2019, GBP/USD
GBPUSD trading plan:
The Bank of England left its key interest rate unchanged as expected. Recent data have shown inflation still below the BoE target rate. The data confirmed that wages rose at their fastest pace since the financial crisis. British business has adapted to Brexit. Retail sales grew by an annual 4.0 percent in February. Mild weather last month boosted spending at garden centers and on sporting equipment. This is a positive signal for the United Kingdom economy. The British currency found support at the psychological level of 1.30.
Trading recommendation: Buy 1.3122 and take profit 1.3172.
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.
