Britain's economy appears to have shrunk | 04 Julio 2019
04 Julio 2019, GBP/USD
GBPUSD trading plan:
Negative macroeconomic statistics from the UK will have a negative impact on the value of the British currency. The Markit services Purchasing Managers' Index - slipped to 50.2 in June. Britain's economy appears to have shrunk for the first time since late 2012, as worries about BREXIT were compounded by global trade tensions. Bond yields are 0.25% below the Bank of England interest rate. This factor points to the easing of monetary policy for several months. This is a negative signal for British currency!
Trading recommendation: Sell 1.2603 and take profit 1.2570.
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.
