GBPUSD: consolidation before the publication of the Bank of England's quarterly report on inflation

February 12, 2015

GBPUSD

Buy on a level breakthrough of 1.5298 with 1.5350 target. Stop loss = 1.5250.

Reason for the trading strategy

Today, the Bank of England's quarterly inflation report will be published The British regulator is likely to raise the forecast for GDP growth, but it will lower its forecast for inflation in the country. At the end of last year, the British regulator announced that the key interest rate will be increased in the second half of 2015.

GBPUSD, H1

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