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GBP/USD Signal - UK Gross Domestic Product Q1 - 10 May 2019

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5/5 of 6 ratings

GBPUSD lost over 180 pips since last Friday highs at 1.3180, the pair is currently trading near 1.3000 level and looks for direction. With the upcoming UK GDP and Manufacturing data, the focus will shift from the US-China trade talks, at least for a while. The UK GDP is expected to rise by +0.5% from +0.2% on a QoQ basis and we might see some GBP bids in the short term. The US inflation data will keep entertaining forex traders in the late session.

gbpusd signal 10 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.