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Main » 2020 » March » 25 » How to make money on the Forex today! Trading Ideas traders 25/03/2020: The GBPUSD resumed its rally "bearish"
How to make money on the Forex today! Trading Ideas traders 25/03/2020: The GBPUSD resumed its rally "bearish"


The British currency during the trading session on Wednesday moved to the active reduction. On day high, which was fixed at 1.1740 to couple GBPUSD 16:00 MSCs lost more than 150 points, request in region 1.18.


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The pressure on the pound, as well as on other risky assets have a disappointing forecast a significant drop in consumer spending, which will accelerate the process of sliding down the world economy into recession. It is expected that large-scale measures of quarantine and isolation will have a strong negative impact on consumer spending and global economic activity in the short term. The three-week quarantine for 50% -90% of the world population will entail a reduction in consumption in the period of three months by 5% -8%, and 6-week quarantine will reduce consumer spending by 9% -16%. If, however, the population will be in isolation mode for 12 weeks, then the costs will fall by 18% -32%.


The slowdown in consumer activity in the UK, coupled with a sharp drop in oil prices could stall the natural growth of inflationary pressure in the country. According to data released today by the Consumer Price Index, the annual inflation rate in the UK in February slowed to 1.7% from 6-month high of 1.8% made in January. The risk of further reducing inflation may well be one more argument for the Bank of England in favor of additional monetary easing.

Last week, the Committee on monetary policy Britain has already cut its key rate by 15 basis points from 0.25% to 0.10%, a record low. In addition, the Bank of England voted unanimously to increase the bond purchase program to 645 billion. Pounds. An increase of $ 200 billion. Pounds. Tomorrow there will be another regular meeting of the British regulator. Given the high probability of the announcement of additional stimulus, "bearish" rally the pound may continue with renewed vigor. In this scenario, the pair GBPUSD risks aim at testing of support 1.15.


GBPUSD SellStop 1,1750 TP 1,1480 SL 1,1830

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author trader analyst Artem Deev company AMarkets. The social network of Forex traders shall not be liable for any damages in case of a vision materials


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