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GBP/USD Signal - US Consumer Price Index - 13 Feb 2020

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Signal Details
Entry Price: 
1.3000
Take Profit: 
1.2950
Stop Loss: 
1.3050
Direction: 
Low
Result: 
Loss
How we trade
5/5 of 4 ratings

The British pound is trading higher as UK Chancellor Sajid resigned and Rishi Sunak will replace him. The markets are betting the new Chancellor will provide fiscal stimulus. In the late trading session, forex traders will follow closely the US inflation data.

gbpusd signal 13 feb 2020

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.