GBPUSD:consolidation before the Bank of England's meeting

June 4, 2015

Buy on a level breakthrough of 1.5375 with 1.5450 target. Stop loss = 1.5325.

Reason for the trading strategy

In May, the business activity index in the UK services sector fell from 59.5 p. to 56.5 p., not allowing the pound to rise above the 1.5375 level yesterday. Today, market participants' attention will be focused on the Bank of England. It is expected that the regulator will keep its key interest rate and volume of asset purchases unchanged. The regulator will probably present new projections for inflation and growth rate of the British economy.

Publication source
EXNESS information  EXNESS reviews

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

Trade360 Rating
XTB Rating Rating
Vantage FX Rating
Larson&Holz IT Ltd Rating
FIBO Group Rating

GTOptions Rating
Anyoption Rating
99Binary Rating
OptionTrade Rating
OptionFair Rating
Banc De Binary Rating