Good news and bad news | 02 April 2020

GBPUSD trading plan:

Good news and bad news. Shop prices fell by 0.8% in annual terms in the first week of the month, the biggest fall since May 2018, following a 0.6% drop in the same period in February, the British Retail Consortium trade body and market research firm Nielsen said. There are a number of price pressures arising from the coronavirus crisis. Negative dynamics of consumer demand will have a negative impact on the value of the British currency. The FED is introduced a temporary repurchase agreement facility that will let other central banks swap Treasuries for dollars. This is good news for the pound.

Trading recommendation: range 1.2333 -1.2433