GBPUSD - The market tends to decrease

The Bank of England will suspend interest rates after Bank of England Governor Andrew Bailey made comments suggesting interest rates were nearing a peak, Interactive Investor's head of investment Victoria Schorer said in a note. He said the pound was declining against the dollar on expectations. The dollar rose against the pound, she said, after better-than-expected U.S. services Purchasing Managers Index (PMI) data released Wednesday. GBP/USD is trading at 1.2470 after falling to a three-month low of 1.2458, according to FactSet data.


GBPUSD SELL 1.2490 - 1.2510 🔼🔼

✅TP1: 1.2460

🚫SL 1.2550