Pound dollar forex forecast GBPUSD today 06/19/2019
Today we expect a "roller coaster". In the first half of the day the British currency could test the psychological level of 1.2500 after the release of inflation data. Investors are waiting for lower Consumer Price Index figure against the background of falling energy.
Further, the pound could demonstrate the growth of quotations on the background of the publication of the weekly release of the US Department of Energy on oil reserves. The market is waiting for the reduction of stocks of oil, which has a positive impact on the cost of oil and #BRENT will support the pound, because of the direct correlation of the two instruments. #BRENT today may test the level of 62.08. Meeting of the US Federal Reserve will have a negative impact on the US dollar exchange rate, allowing the pound to finish the trading day on a positive note.
GBPUSD recommendation: flat 1.2510 -1.2590