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Business / Finance

The foreign exchange market. Pound attractive

Forex Club 11.12.2017 at 18:00

GBP/ USD approached a strong support from 1.3350 further behavior will depend on many things. While there are all conditions for the rate to go up, but we need to understand more that behind the fall of the pound sterling.

last week passed a historic milestone – the EU and the UK have moved to the second phase. However, at this news the pound has fallen, as it became clear that the second phase may be even more difficult. But will it fall further if the situation does not become worse and is still moving to some kind of consensus? Unlikely.

the Following push up couple can obtain when agreement was reached on the Irish border. News can come at any time.

Another factor is Central Bank meetings. First we will see the FOMC policy stance for next year. And here is likely greatly disappoint the market. Then we will hear comments from the Bank of England on the situation in the economy. Both of these factors can create conditions for growth of demand for the pound.

And, hence, current levels very attractive for shopping with the immediate goal at around 1,3390 and then of 1.3450.

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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