Buy on a level breakthrough of 1.5670 with 1.5770 target. Stop loss = 1.5620.
Reason for the trading strategy
In June, the basic consumer price index in UK fell from 0.9% (y/y) to 0.8% (y/y). Despite the decline in inflationary pressures, the pound grew yesterday. The statement made by the head of the Bank of England supported the pound. According to Mark Carney, the current economic dynamics in the UK allows us to talk about the approaching rate hike cycle.