Negative real rates in the U.S. | 27 Juli 2020

27 Juli 2020, GBP/USD

Negative real rates in the U.S.

GBPUSD trading plan:

Negative real rates in the U.S. encourage investors to increase their long positions in the British currency. The Federal Reserve has devised loans and other market and economic support programs worth hundreds of billions of dollars to offset negative effects to growth from the coronavirus. The dollar’s slump is not ending anytime soon. U.S. Congress has passed three coronavirus stimulus packages worth $3.3 trillion and is debating a fourth one anticipated to cost another $1 trillion plus. This factor increases the dollar liquidity in the banking system.

Trading recommendation: Buy 1.2785 and take profit 1.2830.

David Johnson
Analyst of «FreshForex» company
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