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GBP/USD Signal - Fed Interest Rate Decision - 30 Oct 2019

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Signal Details
Entry Price: 
1.2900
Take Profit: 
1.2830
Stop Loss: 
1.2930
Direction: 
Low
Result: 
Void
How we trade
4.7/5 of 13 ratings

GBPUSD is trading near 1.29 level ahead of the Fed's Monetary Policy statement which is scheduled for 18:00 GMT today. The market has already priced in 25 basis points rate cut. A hawkish Fed will probably send GBPUSD lower. As Brexit is on hold, the Fed interest rate decision is eyed.

gbpusd signal 30 oct 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.