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The Bank of England said today it was cancelling stress test

The Bank of England said today it was cancelling stress test | 20 Maret 2020

20 Maret 2020, GBP/USD

GBPUSD trading plan:

The Bank of England said today it was cancelling this year's stress test of eight major banks and building societies to enable them to focus on providing lending through the coronavirus crisis. The timetable for introducing the remaining Basel global capital requirements for banks "may prove to be challenging" and it would coordinate implementation with other countries, the BoE said. Scrapping this year's stress test follows a decision by the European Union to cancel its planned health check of leading banks, which had included top UK lenders. This is a positive signal for the British currency!

Trading recommendation: Buy 1.1835 and take profit 1.1900.

David Johnson
Analyst of «FreshForex» company
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