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The foreign exchange market. Why does lb need to buy

Forex Club 07.11.2017 at 10:12

GBP/ USD it is worth noting one important thing that best reflects the mood of the market. Pounds even at the time of high demand for the US dollar manages to rise. And yesterday generally showed the maximum increase in the foreign exchange market.

It says one thing: investors not completely believe that the Bank of England has done with raising rates. After the meeting last Thursday, the head of the Central Bank confirmed that inflation will be high and will exceed the targets. And then one of the members of the monetary policy Committee said the economy could use a couple more increases in rates.

In this situation, any reason to buy the pound will be perceived with enthusiasm. At the end of the week will be published data on industrial production. If they are above forecasts, it will trigger the GBP/ USD up. The next target will be around 1.3280 levels.

in addition, we have the same pair out investment idea for a month, which gives longer-term objectives for trade in pound sterling. To get recommendations on it, you must fill out this form.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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"Winter is coming..." This phrase is not only the main message of the series Game of Thrones, but the message of the new quarterly forecast. We're getting closer not only to the calendar winter, but also to the peak of geopolitical risks and global challenges. And in the new order will win only the strongest or the combined forces. Which currency will be the weakest in the 4th quarter? On which index to make a bet? What metals will rise in price? Should I buy aproactive? All of these questions you answer, the analysts of Forex Club in the next quarterly forecast.


gbp/usd Forex club

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