The negative signal for the British currency | 06 May 2019
06 May 2019, GBP/USD
GBPUSD trading plan:
Investors do not know what to do. The Bank of England scares market participants with political risks. Britain's economy has slowed since the BREXIT referendum in 2016. BREXIT uncertainty was keeping the appropriate level of interest rates artificially low for now. This is a negative signal for the British currency. Unemployment is at a 44-year low, wages are growing at the fastest pace in 10 years and consumer spending remains solid. This is a positive signal for the British currency, as the Central Bank may raise interest rates at the end of the year.
Trading recommendation: range 1.3145 -1.3205.
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.
