10 Marzo 2020, GBP/USD
GBPUSD trading plan:
The dollar fell to its lowest in 18 months against a basket of developed-market peers. Traders are now expecting the Federal Reserve to again cut interest rates next week after an emergency reduction on March 3, putting the yield on benchmark 10-year U.S. Treasury on course for its biggest one-day fall in almost a decade. This is a negative signal for the U.S. currency. Prime Minister Boris Johnson was preparing to chair an emergency meeting at which more stringent measures to tackle the outbreak will be considered. "The number of coronavirus cases continues to rise in the UK and around the world," Johnson said. "We are well prepared and will continue to make decisions to protect the public based on the latest scientific advice." This is bad news for the British currency.
Trading recommendation: range 1.3000 -1.3050.
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