Good and bad news for the British currency | 03 Febrero 2020

03 Febrero 2020, GBP/USD

Good and bad news for the British currency

GBPUSD trading plan:

Good and bad news for the British currency. Negative macroeconomic statistics from the United States may have a positive impact on the value of the pound. Consumer outlays for goods and services, which account for about 70% of gross domestic product, increased 0.3% from the prior month after an unrevised 0.4% advance in November, Commerce Department data showed. Geopolitical tensions in the United Kingdom may trigger a sell-off of the British currency. Scottish nationalists are pushing for an independence referendum. Irish nationalists also want a referendum on uniting Ireland.

Trading recommendation: range 1.3135 -1.3190.


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.
David Johnson
Analyst of «FreshForex» company
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