Positive signal for the British currency | 06 5月 2020

06 5月 2020, GBP/USD

Positive signal for the British currency

GBPUSD trading plan:

Britain's Treasury and Bank of England are discussing an emergency funding scheme to help payments to cash-starved small businesses. Under the plans, which are at an exploratory stage, the Covid Corporate Financing Facility would be amended to promote faster payments of SMEs' invoices, the report said. This is a positive signal for the British currency! Additional support for the pound will be provided by a bullish rally in the oil market. The WTI contango has narrowed and is not anymore in a super-contango situation. This is a positive signal for the oil market!

Trading recommendation: Buy 1.2425 and take profit 1.2475.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.
manager photo manager photo
Online-support
我们很高兴回答您的问题

提交申请

Get bonus