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GBP/USD Signal - US Retail Sales - 14 Feb 2020

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Signal Details
Entry Price: 
1.3050
Take Profit: 
1.3100
Stop Loss: 
1.3020
Direction: 
High
Result: 
Void
How we trade
5/5 of 6 ratings

The British pound was boosted after PM Johson nominated Sunak as Chancellor. The change paves the way for infrastructure spending. Yesterday, GBPUSD gained over 100 pips reaching 1.3050 level. Investors are betting on Sunak to neglect the deficit obligations and to increase debt. The US Retails Sales are next.

gbpusd signal 14 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.