Trading signals

GBP/USD

GBPUSD

The BOE painted a gloomier picture of the local economy, sending the pound to fresh lows. Election developments are still eyed by traders.

 

The main scenario is further losses towards the 1.2760 support. 

An alternative scenario assumes a short-term growth towards the 1.2900 level.

 

Trading recommendations

 

Sell the GBP/USD pair towards 1.2760 after the break of 1.2810.

Buy the pound towards 1.2900 if you see a move above 1.2850.

 

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