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A good day for the British currency

A good day for the British currency | 15 August 2019

15 August 2019, GBP/USD

A good day for the British currency

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.

David Johnson
Analyst of «FreshForex» company
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