The risk of no-deal Brexit is higher than several weeks ago. Additionally, Bank of England is likely to maintain the interest rate and lower the economy forecast. Carney's tone is dovish as higher uncertainty of Brexit.
The target is 1.2870. Turning point: 1.3015. Under 1.3015, bearish , target price is set at 1.2920, then 1.2870. Above 1.3015, bullish , target price is 1.3070,then 1.3140.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.