GBPUSD December 20, 2018 Weekly Analysis

Thursday, 20/12/2018 | 07:58 GMT

Disclaimer

Today the BOE Monetary Policy committee is expected to keep the interest rate unchanged at 0.75% amid Brexit and Political uncertainty. The BOE signalled that the future rate hikes will be ‘’ limited extent’’ and warned that a No-Brexit deal will bring recession to the economy. In a hard Brexit scenario, the GDP will likely fall 8-10% and the unemployment rate might increase to 7.5%. On the other hand if May's government achieves a soft Brexit then the sterling will appreciate. Major support is found at the 1.2520 and resistance at the 1.2720.

Read More

Exclusive Capital Ltd. Review

Source: https://www.exclusivecapital.com/gbpusd-december-20-2018-weekly-analysis/

Disclaimer

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}