EXNESS - Analytics

EXNESS

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The forecasts of the Bank of England will put pressure on the pound

Sell on a level breakthrough of 1.5200 with 1.5107 target. Stop loss = 1.5260.

Reason for the trading strategy

Yesterday, the British currency has declined substantially. 8 members of the Bank of England Monetary Policy Committee voted for keeping the interest rates at the current levels, and only one (McCafferty) voted for their increase. Some experts predicted that two committee members would vote for an increase in the rate. In addition, the pressure on the pound strengthened after the publication of the Bank of England's negative economic forecasts. The regulator expects the UK GDP to grow by 2.7% in 2015 and by 2.5% in 2016, although earlier it predicted a growth of the GDP by 2.8% in 2015 and 2.6% in 2016.

GBPUSD, H4

GBPUSD



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