GBPUSD – Flat
GBPUSD trading plan:
The Bank of England may not have enough resources to implement an extra objective of maintaining Britain as a competitive global financial center. Britain’s government is due this week to unveil a draft law to exploit post-Brexit „freedoms“ to set its own financial rules. But lawmakers have signaled skepticism about giving regulators a secondary competitiveness remit, fearing it could mean returning to „light touch“ regulation that ended with banks being bailed out over a decade ago. „The standards that the UK currently holds are, I think, highly regarded internationally,“ said Marjorie Ngwenya, the finance ministry’s pick as new external member at the Bank of England’s Prudential Regulation Committee.
Investment idea: sell 1.2080 and take profit 1.2010.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
