Negative macroeconomic statistics from the UK | 13 November 2019
13 November 2019, GBP/USD
GBPUSD trading plan:
We are expecting a bearish rally in the British currency. The UK inflation report for October may disappoint investors with weak data. We are seen a decline in the cost of energy and a rise in the unemployment rate in October, which will have a negative impact on the consumer price index. The negative trend in the oil market will provide additional support to the bears today. Investors close long positions in the energy market, which contributes to the technical correction.
Trading recommendation: Sell 1.2864 and take profit 1.2830.
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.
