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GBP/USD Signal - BoE Interest Rate Decision - 20 Jun 2019

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Signal Details
Entry Price: 
1.2720
Take Profit: 
1.2660
Stop Loss: 
1.2760
Direction: 
Low
Result: 
Profit
How we trade
5/5 of 4 ratings

GBPUSD is trading higher on Fed's dovish comments. But can we expect a dovish stance from Bank of England as well? Currently, the markets are pricing BoE's rate-hike bias, but governor Carney might speak of rate cuts instead, because of global economic slowdown.

gbpusd signal 20 jun 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.