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GBP/USD Signal - BoE Interest Rate Decision - 01 Nov 2018

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Signal Details
Entry Price: 
1.2870
Take Profit: 
1.2920
Stop Loss: 
1.2850
Direction: 
High
Result: 
Profit
How we trade
5/5 of 5 ratings

GBPUSD almost reached its lowest levels since August and a recovery was triggered, the currency pair looks set to the upside ahead of a busy day. The Bank of England will announce its monetary policy decision combined with quarterly inflation report. The BoE is expected to keep the interest rates on hold and that might calm down the recent enthusiasm. We would go long from 1.2870 and collect profits at 1.2920 price.

gbpusd trading 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.