A good day for the British currency | 15 Agustus 2019
15 Agustus 2019, GBP/USD
GBPUSD trading plan:
Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound sterling. Britain's inflation rate unexpectedly overshot the Bank of England's 2% target - annual consumer price inflation rose to a three-month high of 2.1% in July from 2.0% in June. Earlier this month the BoE predicted consumer price inflation would fall to a three-year low below 1.6% in the final quarter of this year. The Bank of England will not down interest rates in September. This is a positive signal for the British currency!
Trading recommendation: Buy 1.2039 and take profit 1.2088.
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.
