Good and bad news | 15 Noviembre 2019

15 Noviembre 2019, GBP/USD

Good and bad news

GBPUSD trading plan:

Good and bad news for the British currency. British consumers cut back on their shopping in October. The retail sales volumes unexpectedly fell by 0.1%, and annual sales growth held at 3.1%, bucking average forecasts for a pick-up to 3.7%. In the three months to October sales rose just 0.2% compared with the previous three months, an 18-month low. The only retailers to do well in October were department stores, which benefited from sales promotions and an earlier introduction of Christmas lines. This is a negative factor for the British currency! The good news is capital inflows into high-yielding assets, as the pound correlates with these assets.

Trading recommendation: range 1.2844 -1.2920.

TRADE OILS WITHOUT SWAPS!

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.