Daily GBPUSD Forex Trading Signals
GBPUSD Trading News
The Free Forex Trading Signals are generated by Fibonacci Expert Advisors and other Indicators used by forexwatch to monitor the exchange rates of GBPUSD.
The trading signals will revolve on the announcement of Interest Rate by Bank of England and European Central Bank. Both central banks are expected to leave interest rates unchanged.
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Britain Bond Sale
The bond sale of 3.25 billion Pounds was oversubscribed by 2.45 times. The GBPUSD leveled at $1.5175, after reaching $1.5226.
For today, the Forex Trading News that will likely influence GBPUSD trades are:
Bank of England Interest Rate Decision
The Bank of England Policy makers will hold the rate at 0.5 percent. The Bank of England will keep its benchmark interest rate on hold at a record low of 0.50% until at least May 2011.
UK Industrial Production
The expected reading of this UK Industrial Production is 0.4% compared to -0.4% for the previous month. The report is of medium impact but may be overshadowed by the Bank of England Asset Purchase and Interest Rate Decisions.
Bank of England Asset Purchase
The Bank of England is expected to maintain the asset purchase at the previous level of 200 billion Pounds.
European Central Bank Interest Rate Decision
The European Central Bank is expected to leave interest rates unchanged at 1.00%.
The Trading Signals for GBPUSD trades is as follows:
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GBPUSD
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Long Position at: 1.5215
Stop Loss at: 1.5175
Take Profit at: 1.5245 / 1.5285
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Short Position at: 1.5190
Stop Loss at: 1.5230
Take Profit at: 1.5150 / 1.5110
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OP, SL & TP at YOUR OWN RISKS
Online GBPUSD Trading Signals
Free GBPUSD Trading Signals are immediately available for all Tadawul Fx Live account traders. The Trading Signals are posted directly in the MT4 Trading Platform up to 6 – 7 times every trading day on GBPUSD, EURUSD, USDCHF, USDJPY. The real-time market updates is to assist traders with their trading decisions.
Disclaimer::Free Forex Trading Signals
This is a Free Forex Trading Signals and we must remind you that Forex Trading is a very risky trade. If you decide to trade, kindly note that you trading at your own risks. You Open your Trading Position, Take Profit and place a Stop Loss Order for your trades at Your Own Risks. We hold no responsibility for any losses or damages incurred.
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