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GBP/USD Signal - BoE Interest Rate Decision - 02 May 2019

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Signal Details
Entry Price: 
1.3100
Take Profit: 
1.3040
Stop Loss: 
1.3130
Direction: 
Low
Result: 
Void
How we trade
4.8/5 of 8 ratings

The British pound is consolidating near 1.3060 ahead of Bank of England's rates decision. Yesterday, the US central bank left the rates unchanged and we might see the same scenario on today's BoE minutes. Forex traders will also watch closely the BoE MPC votes which are scheduled for 11:00 GMT.

gbpusd signal 02 may 2019

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.