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GBP/USD trading signal - BoE's Governor Carney speech - 01 Nov 2018

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Signal details
Entry Price: 
1.2920
Close Price: 
1.2997
Direction: 
Low
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
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Ahead of a very busy day, the British pound is trading at around 1.2880 with potential to reach 1.2920 level. The Bank of England is likely to keep the interest rates unchanged because of looming Brexit uncertainty. Traders will also keep a close eye on Carney's speech that is scheduled for 12:30 GMT. GBPUSD might reach 1.2920 price and eventually close lower for the day.

gbpusd signal 01 nov 2018

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. He has no business nor personal relationships with any mentioned government entities or stocks. 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.