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GBP/USD Signal - Fed's Monetary Policy Statement - 18 Sep 2019

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Signal Details
Entry Price: 
1.2460
Take Profit: 
1.2380
Stop Loss: 
1.2500
Direction: 
Low
Result: 
Loss
How we trade
4.6/5 of 5 ratings

GBPUSD is trading off the highs after disappointing CPI report. With Brexit negotiations going nowhere the main focus will be on Fed's interest rate decision and monetary policy statement. The weak UK inflation and Powell's comments might send the British pound lower.

gbpusd signal 18 sep 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.