The bullish rally on the British currency | 18 Juli 2019
18 Juli 2019, GBP/USD
GBPUSD trading plan:
We are expecting a bullish rally on the British currency today. The UK can please investors with a positive release on retail sales for June. This indicator is correlated with the labor market. British wages, excluding bonuses, rose at their fastest pace in nearly 11 years, official data - core earnings rose by an annual 3.6% in the three months to May. We are expecting the data to be published better than the consensus forecast. This is a positive signal for the British currency!
Trading recommendation: Buy 1.2420 and take profit 1.2477.
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.
