Strong data on the economy of Britain and the Fed’s weak report pushed the pound upward.
In recent days, strong data have emerged for the pound: unemployment in England at multi-year lows; inflation, on the contrary, is breaking records in recent years. The Bank of England is forced to make a statement about its readiness to hike the rate – despite the extremely difficult negotiations on Brexit.
As for the second currency of the GBPUSD pair – the US dollar. On Wednesday, the Fed in its “Beige Book” report made the most soft statements on the economy – no chance of accelerating the tightening of monetary policy in the coming month.
Therefore, the pound should grow.
Buy the GBPUSD pair from the kickbacks – buying from 1.3150 and below.
Key support is at the main trend line 1.3090.
Signal for cancellation of buying – a breakthrough down 1.3030 and fastening below this level.
The material has been provided by InstaForex Company – www.instaforex.com
Last minute burning forecast 19/10/2017
GBPUSD – upward.
Strong data on the economy of Britain and the Fed’s weak report pushed the pound upward.
In recent days, strong data have emerged for the pound: unemployment in England at multi-year lows; inflation, on the contrary, is breaking records in recent years. The Bank of England is forced to make a statement about its readiness to hike the rate – despite the extremely difficult negotiations on Brexit.
As for the second currency of the GBPUSD pair – the US dollar. On Wednesday, the Fed in its “Beige Book” report made the most soft statements on the economy – no chance of accelerating the tightening of monetary policy in the coming month.
Therefore, the pound should grow.
Buy the GBPUSD pair from the kickbacks – buying from 1.3150 and below.
Key support is at the main trend line 1.3090.
Signal for cancellation of buying – a breakthrough down 1.3030 and fastening below this level.
The material has been provided by InstaForex Company – www.instaforex.com
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