20 September 2019, GBP/USD
GBPUSD trading plan:
We are expecting the continuation of the bullish rally on the British currency today. The BoE left its refinancing rate unchanged at 0.75%. Outlook for global growth has weakened due to US-China trade war; UK underlying growth has slowed but remains positive. Central bank forecasts expect inflation to remain below 2% target for the rest of this year. Bank of England officials said they were ready to increase interest rates in case of successful implementation of BREXIT. A large increase in wages signals a rise in inflation expectations in the UK economy.
Trading recommendation: Buy 1.2541 and take profit 1.2590.