Negative dynamics of the credit market | 19 Junio 2020

19 Junio 2020, GBP/USD

Negative dynamics of the credit market

GBPUSD trading plan:

The Bank of England held rates steady at historic lows of 0.1% and ramped up its bond purchases by £100 billion, as expected. The central bank said it stands "ready to take further action as necessary" to support the economy and boost inflation to its 2% target. The LIBOR rates on U.S. dollar loans are rising in the London interbank market, while interest rates on loans are falling in British currency. The interest rate on a three-month loan in U.S. currency in London is 0.316%. This rate was 1.1 basis points higher a week ago. This is a negative signal for the British currency!

Trading recommendation: Sell 1.2470 and take profit 1.2435.

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.