The confusing trend | 18 March 2019

18 March 2019, GBP/USD

GBPUSD trading plan:

The confusing trend. This definition is best suited for British currency. The UK will leave the European Union in 2019. It does not matter when it will be: March 29 or June 30. This is a serious problem for the British economy. Against that backdrop, all 20 economists surveyed by Bloomberg say the nine-member MPC will vote unanimously to keep interest rates unchanged at 0.75 percent on March 21. That chimes with the views of markets, who don’t see another move until beyond May 2020. This is a negative signal for the pound!

Trading recommendation: Sell 1.3320 and take profit 1.3280.

David Johnson
Analyst of «FreshForex» company
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