02 April 2019, GBP/USD
GBPUSD trading plan:
The British Parliament decides on BREXIT. Investors believe in the positive outcome of the vote in Parliament and are ready to buy the pound sterling. The British currency is showing growth attempts. Research firm IHS Markit said its U.K. manufacturing purchasing managers’ index rose to 55.1 in March, surprising economists who had forecast a drop to 51.2. That was its strongest level in the last 13 months. Output, employment and new orders all rose at increased rates as manufacturers and their clients raced to build “safety stocks” ahead of the U.K.’s upcoming departure from the European Union and noted that stocking of finished goods and input inventories both surged to new survey-record highs. This is a positive signal for the British currency in the short term.
Trading recommendation: Buy 1.3040 and take profit 1.3090.
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