21 March 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. We start with bad news. Britain's parliament has so far failed to approve the deal that Prime Minister Theresa May negotiated with Brussels. The CBI said this uncertainty was hurting business. The CBI said its monthly industrial orders balance dropped to +1 this month from February's reading of +6. The good news for the pound is increase inflation in the United Kingdom. U.K. CPI increased 1.9% from the year before, surprising traders who had forecast it to hold steady at January’s reading of 1.8%. The report on the consumer price index may allow the Bank of England to raise the discount rate in the fall.
Trading recommendation: range 1.3180 -1.3250.
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