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

February 12, 2015


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.


Publication source
EXNESS information  EXNESS reviews

October 21, 2016
US Presidential Election: Final Debate Aftermath
With the dust having settled after Wednesday final US presidential debate of the 2016 campaign between Donald Trump and Hillary Clinton, the results have become rather apparent...
October 20, 2016
Doting on Draghi
The ECB meeting arrives today when EURUSD is testing key levels. The mid-year lows at 1.0952 is perilously close as I write, whilst the post-Brexit referendum low of 1.0913 being in the frame after that. It’s hard to see the ECB adding to its quantitative easing policy...
October 19, 2016
A bullish presence on the market
The Dollar upturn seen in the recent weeks that was influenced by the firm belief in a rate hike of December fizzles out, after Yellen’s speech and the downbeat US inflation and manufacturing data...

Tickmill Rating
Larson&Holz IT Ltd Rating
OctaFX Rating
FBS Rating
FIBO Group Rating
FxPro Rating

TropicalTrade Rating
IQ Option Rating
Banc De Binary Rating
Beeoptions Rating
TopOption Rating
Grand Option Rating