Trading in CFDs and generally leveraged products involves substantial risk of loss and you may lose all of your invested capital.

GBPUSD: consolidation before the publication of the Bank of England's quarterly report on inflation

Feb. 12, 2015, 09:00

Buy on a level breakthrough of 1.5298 with 1.5350 target. Stop loss = 1.5250.

Reason for the trading strategy

Today, the Bank of England's quarterly inflation report will be published The British regulator is likely to raise the forecast for GDP growth, but it will lower its forecast for inflation in the country. At the end of last year, the British regulator announced that the key interest rate will be increased in the second half of 2015.



Economic Calendar

The publication of Analytics is a marketing communication and does not constitute investment advice or research. Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience, or current financial situation. The Analytics is not prepared in accordance with legal requirements promoting independent investment research, and Exness is not subject to any prohibition on dealing before the release of the Analytics. Readers should consider the possibility that they may incur losses. Therefore, Exness is not liable for any losses incurred due to the use of its Analytics.

host www.exness.eu | env production