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GBP/USD Signal - UK Consumer Price Index - 22 May 2019

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Signal Details
Entry Price: 
1.2670
Take Profit: 
1.2740
Stop Loss: 
1.2640
Direction: 
High
Result: 
Loss
How we trade
4/5 of 4 ratings

GBPUSD initially bounced from 1.2700 support level but the bullish momentum vanished amid growing uncertainty over PM May's withdrawal agreement bill. The UK inflation missed with 2.1% in April and did little to support the British pound. Investors now look forward to May's new Brexit proposal and a new bullish momentum is also on the cards.

gbpusd signal 22 may 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.