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GBP/USD Signal - BoE Super Thursday - 07 Nov 2019

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Signal Details
Entry Price: 
1.2880
Take Profit: 
1.2800
Stop Loss: 
1.2920
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 5 ratings

GBPUSD is trading just below 1.2880 ahead of a busy day for the Bank of England. Forex traders will wait to see the BoE MPC Vote and Interest Rate Decision. What makes this Thursday special is the Quarterly Inflation report which will show BoE's new inflation forecasts. The central bank will likely downgrade forecasts.

gbpusd signal 07 nov 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.