Sorry, you need to enable JavaScript to visit this website.

GBP/USD Signal - UK Retail Sales - 17 Jan 2020

You are here

Signal Details
Entry Price: 
1.3050
Take Profit: 
1.3000
Stop Loss: 
1.3090
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 4 ratings

The British pound is trading lower after UK Retail data disappoints. The odds of a rate cut have risen and forex traders placed their orders accordingly. We my see GBPUSD dropping further down in today's trading session. The US housing data is ahead.

gbpusd signal 17 jan 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.