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Good and bad news for the British currency

Good and bad news for the British currency | 03 February 2020

03 February 2020, GBP/USD

Good and bad news for the British currency

GBPUSD trading plan:

Good and bad news for the British currency. Negative macroeconomic statistics from the United States may have a positive impact on the value of the pound. Consumer outlays for goods and services, which account for about 70% of gross domestic product, increased 0.3% from the prior month after an unrevised 0.4% advance in November, Commerce Department data showed. Geopolitical tensions in the United Kingdom may trigger a sell-off of the British currency. Scottish nationalists are pushing for an independence referendum. Irish nationalists also want a referendum on uniting Ireland.

Trading recommendation: range 1.3135 -1.3190.

David Johnson
Analyst of «FreshForex» company
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