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Good day for the British currency

Good day for the British currency | 01 May 2019

01 May 2019, GBP/USD

Good day for the British currency

GBPUSD trading plan:

Fundamental factors will have a positive impact on the value of the British currency. Investors are actively selling the U.S. dollar before the FOMC meeting. Low consumer inflation in the United States will force the Central Bank to think about lowering interest rates. The bullish trend in the oil market will provide additional support to the British currency. Traders buy oil on the background instability in Iran and Venezuela. Sanctions against Tehran will come into force on May 3. This factor will have a positive impact on the price of black gold.

Trading recommendation: Buy 1.3025 and take profit 1.3110

David Johnson
Analyst of «FreshForex» company
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