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Positive news for the pound sterling

Positive news for the pound sterling | 16 August 2019

16 August 2019, GBP/USD

Positive news for the pound sterling

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound sterling. Positive reports on wages, inflation and retail sales were published this week. This factor signals the positive dynamics of British GDP! We do not expecting the Bank of England to lower interest rates in September. Investors are expecting the ECB to lower interest rates on September 12 and the FED on September 18. This is a positive factor for the British currency!

Trading recommendation: Buy 1.2104 and take profit 1.2153.

David Johnson
Analyst of «FreshForex» company
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