Bank оf England meeting | 07 November 2019

07 November 2019, GBP/USD

Bank оf England meeting

GBPUSD trading plan:

We are expecting a bullish rally in the British currency today. The Central Bank of England will keep interest rates at the current level of 0.75%. The positive dynamics of wages in the United Kingdom will contribute to the growth of the consumer price index in the medium term. This factor will force the Central Bank to keep interest rates at the current level. This is a positive signal for the British currency! Additional support for the pound will be provided by the inflow of capital into high-yield assets.

Trading recommendation: Buy 1.2845 and take profit 1.2900.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .