News on the US economy came out strong on Thursday: US unemployment claims came in at low levels, the labor market is strong; Philadelphia’s business activity index is higher than forecast.
At the same time in Europe: new contradictions in the EU-Britain Brexit negotiations. In Germany, there is a decline in business confidence, including on problems with business with Russia because of US sanctions.
And then the head of the Bank of England declares that the regulator will not raise the rate – because of a slowdown in inflation.
The pound declined sharply three days. It is very likely that the trend of pound growth is completed.
Pound: trading range.
Sell from 1.4180.
Buy from 1.3700.
The material has been provided by InstaForex Company – www.instaforex.com
Trading plan 04/20/2018
The overall picture: A turn toward the dollar.
News on the US economy came out strong on Thursday: US unemployment claims came in at low levels, the labor market is strong; Philadelphia’s business activity index is higher than forecast.
At the same time in Europe: new contradictions in the EU-Britain Brexit negotiations. In Germany, there is a decline in business confidence, including on problems with business with Russia because of US sanctions.
And then the head of the Bank of England declares that the regulator will not raise the rate – because of a slowdown in inflation.
The pound declined sharply three days. It is very likely that the trend of pound growth is completed.
Pound: trading range.
Sell from 1.4180.
Buy from 1.3700.
The material has been provided by InstaForex Company – www.instaforex.com
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