GBPUSD - The market tends to decrease
The Bank of England will suspend interest rates after Bank of England Governor Andrew Bailey made comments suggesting interest rates were nearing a peak, Interactive Investor's head of investment Victoria Schorer said in a note. He said the pound was declining against the dollar on expectations. The dollar rose against the pound, she said, after better-than-expected U.S. services Purchasing Managers Index (PMI) data released Wednesday. GBP/USD is trading at 1.2470 after falling to a three-month low of 1.2458, according to FactSet data.
GBPUSD SELL 1.2490 - 1.2510 🔼🔼
✅TP1: 1.2460
🚫SL 1.2550
GBPUSD SELL 1.2490 - 1.2510 🔼🔼
✅TP1: 1.2460
🚫SL 1.2550
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.