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Good news for the British currency

Good news for the British currency | 20 Agosto 2019

20 Agosto 2019, GBP/USD

Good news for the British currency

GBPUSD trading plan:

Good news for the British currency. At the moment, he does not believe that negative rates are a suitable solution for the UK, said the head of the Bank of England Mark Carney. Investors are expecting lower interest rates from the ECB and the fed in September, the Bank of England will not reduce interest rates. Additional support for the pound will have a bullish rally in the oil market. Investors are increasing their long positions in the black gold market. Oil is getting a boost from a positive spin on U.S.-China trade talks and reports of a new drone attack on a Saudi oilfield. Yemeni rebels attacked an oil facility in Saudi Arabia over the weekend, causing a fire at a gas plant.

Trading recommendation: Buy 1.2119 and take profit 1.2170.

David Johnson
Analyst of «FreshForex» company
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