On the eve of the publication of important events, the pound is trading fairly consistently. Today, just the fundamental factors will have a big impact on the GBP / USD pair. Today, data on inflation in the country will be published and, according to forecasts, it may rise to the level of 3.1%, which in turn may cause further tightening of monetary policy by the Bank of England. Also at the conference in Frankfurt, the head of the Bank of England can make a speech. At least investors are looking forward to it, because they want to hear more about it regarding plans for implementing monetary policy in the current environment. Perhaps the influence of fundamental factors today will help clarify the graphical situation in the market. On the four-hour chart, we still see the continuation of the outset with the borders at the levels of 1.3025-1.3285. Indicators behave passively and by and large there are no signals for a possible exit of the price from the outset. The most likely scenario at the moment is to continue trading in the above mentioned range.

https://www.fortfs.com

Leave a Reply

Your email address will not be published. Required fields are marked *