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Trading recommendations for GBP / USD on August 20
Analysis of transactions
Good data on UK inflation failed to raise the rate of the British pound in the market. And although a buy signal at the level of 1.3250 was formed in the morning, it did not lead to any significant growth on the GBP / USD pair. Nonetheless, sell transactions from the level of 1.3208 gave more than 50 points of profit, thereby blocking the losses realized in the morning.
The rumors of a progress in the negotiations on a new aid package to the US economy increased demand for the US dollar. In addition, any good news on the US labor market, which will be released today, will be another impetus on the rise of the dollar and sinking of the British pound in the market.
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