flag-gb flag-my flag-zh flag-id flag-th flag-vi

Andrew Bailey’s comments support GBP / USD

GBP / USD is trading up by 0.3% today thanks to easing pressure from the US dollar (dollar index -0.1%) and encouraging comments from the head of the Bank of England, Bailey.

 

Andrew Bailey stated today that the second wave of coronavirus will not have such a strong negative impact as in the spring. Economic uncertainty will intensify, but the economic slowdown will be less significant. Certain sectors of the economy still need support.

 

Bailey also expressed hope for a trade agreement between the UK and the EU, as both sides need it.

 

There is no important news in the UK economic calendar today.

 

On the chart, buyers have broken through the resistance at 1.2925. This maneuver opens the way for further growth of quotations towards the level of 1.2990.

 

  • Resistance levels: 1.2990, 1.3050, 1.3150;

 

  • Support levels: 1.2905, 1.2845, 1.2800.

 

The main scenario - a rollback to 1.2905 and an increase to 1.2990.

 

An alternative option - a rise to 1.2990 from the current levels.

 

The current fundamental outlook is moderately positive. We consider longs from the level of 1.2905.

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]