Investors are expecting a reduction in FOMC rates | 06 Agosto 2019

06 Agosto 2019, GBP/USD

Investors are expecting a reduction in FOMC rates

GBPUSD trading plan:

We are expecting the continuation of the bullish trend on the British currency. CME Group's FedWatch it is signals a decrease in interest rates of the Federal Reserve on September 18. The two-year yield U.S. government bonds which is sensitive to investors' view on Fed policy, touched 1.58%, its lowest since November 2017. Britain's dominant services sector unexpectedly perked up in July -the IHS Markit/CIPS UK Services Purchasing Managers' Index rose to a nine-month high of 51.4 from 50.2 in June. This factor will have a positive impact on the value of the British currency.

Trading recommendation: Buy 1.2134 and take profit 1.2190.

David Johnson
Analyst of «FreshForex» company
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.