EXNESS - Analytics


    628.50 4.00/10
    69% of positive reviews

    GBPUSD: consolidation in the range of 1.4529-1.4668

    Buy on rebound from 1.4529 level with 1.4668 target. Stop loss = 1.4479.

    Reason for the trading strategy

    All the nine members of the Bank of England Monetary Policy Committee decided to keep the key interest rate and the asset purchase program unchanged. The Bank of England lowered its forecast for GDP growth in 2016 to 2.2%, against the forecast for November of 2.5%, and from 2.7% to 2.4% for 2017.  According to his estimates, the next change in the policy will be a rate hike, which may occur in the middle of 2017. The news has had little pressure on the GBPUSD pair against the background of the weak dollar.   

    GBPUSD, H1

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree