Bad news for the British currency | 29 April 2019
29 April 2019, GBP/USD
GBPUSD trading plan:
Bad news for the British currency. The Confederation of British Industry's quarterly survey of the manufacturing industry showed expectations for export orders in the next three months fell to their lowest level since mid-2009, when Britain was reeling from the global financial crisis. Oil showed a strong decline in prices on Friday, which will negatively affect the value of the British currency, as there is a direct correlation between GBPUSD and BRENT. Two factors are forcing us to sell the British currency today.
Trading recommendation: Sell 1.2961 and take profit 1.2919
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.
