EXNESS - Analytics

    EXNESS

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    GBPUSD: consolidation before the Bank of England meeting

    Sell on a level breakthrough of 1.4352 with 1.4223 target. Stop loss = 1.4402.

    Reason for the trading strategy

    The Bank of England meeting will be held today. Against the background of a low inflation (0.1% (y/y) in November) and the stagnation of the industrial sector of the economy, the regulator should keep its key interest rate unchanged at 0.5%. We expect it to grow only in the first half of 2017.

    GBPUSD, H4

    GBPUSD


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