GBP/USD Signal - Public Sector Net Borrowing - 20 Mar 2020

Signal Details

Entry Price:

1.1700

Take Profit:

1.1900

Stop Loss:

1.1600

Direction:

Buy

Result:

Profit

How we trade

GBPUSD is trading higher from 1.1450 lows amid hopes of further stimulus. The markets expect the UK Chancellor measures to offer additional help. This week, the British pound slumped to the lowest level since 1985. The pair already recovered over 200 pips from 1.1409 low level. Forex traders will follow the UK Public Sector Net Borrowing numbers in today's trading session.

gbpusd signal 20 mar 2020

Submitted by Toni H. on Fri, 20 Mar 2020 06:30:17 GMT

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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.

GBP/USD Signal - Public Sector Net Borrowing - 20 Mar 2020

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