Pound to dollar forecast of the currency pair GBP / USD today 15/05/2018
The dynamics of the pound in the first half of trading today will determine the data on the labor market in the Kingdom.
The first thing to pay attention to the index of average earnings - is the indicator strongly influenced by inflation, which does not allow the Bank of England to raise interest rates. Positive release will cause a sharp rise in the pound, otherwise we can expect a decrease in the area of 1.3500. In the second half of the session, the players on the pound is worth waiting for US growth rate of sterling against the background of the negative statistics of retail sales and the upward trend in the oil market, where Brent stormed to new highs in November 2014.
GBP / USD recommendation: Buy 1,3530 / 1,3500 and take profit 1,3616.
Company analyst FreshForex