Free Forex Signals & Forecasts: Sell GBP / USD
Our free forex signals service today looks at the GBP / USD and we have the entry, stop and profit-taking levels for you.
GBP / USD is lower during Friday’s London trading session. Despite opening higher, the pair quickly fell to an intraday low of 1.3915.
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The US Dollar Index (DXY), which measures the strength of the dollar against six major competitors, is trading above 92.30, up 0.11%. Initial claims for unemployment benefits fell in the United States for the second consecutive time in July to 385,000, which is in line with expectations of 384,000.
As part of the ongoing infrastructure debate, Senate Leader Chuck Schumer confirmed the start of Saturday.
Additionally, investors have flocked to safe-haven securities due to the widespread adoption of the delta variant and the resulting impact on the global economic recovery.
As expected, the Bank of England (BOE) left interest rates unchanged at an all-time low of 0.1%, hampering the advance of the pound.
Inflation could exceed expectations by 4% on Andrew Bailey’s comments, putting the pound under pressure.
Currently, investors are waiting for US non-farm unemployment data to gauge market sentiment.
Free GBP / USD currency signals
Instrument: GBP / USD
Order: STOP SALE
Entrance fee: 1.3841
Recommended risk: 1%
Risk / reward ratio: 1: 1.5
Signal validity period: Good until canceled
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