The positive dynamics of the British debt market | 08 August 2019

08 August 2019, GBP/USD

The positive dynamics of the British debt market

GBPUSD trading plan:

The positive dynamics of the British debt market will have a positive impact on the value of the pound sterling. Investment funds are increasing their long positions on British bonds. Traders are expecting Federal Reserve interest rates to fall on September 18, October 30, and December 11. Interest rates in the United States may be reduced by 1% this year. This factor forces investors to sell U.S. currency and buy other assets. We're expecting the continuation of the bear rally on the US dollar.

Trading recommendation: Buy 1.2144 and take profit 1.2190.

David Johnson
Analyst of «FreshForex» company
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