Last minute burning forecast 26.10.2017
GBPUSD: the way to the top.
On Wednesday, our assumptions were confirmed: the pound chose the path to the top.
The reason: the release of a strong data on the economy of Britain. The GDP grew at the level of +1.5% per annum, above the forecast of +1.4%. Inflation is above the forecast of +3%.
The Bank of England has no other choice but to raise the rate — this will increase the yield on government bonds — and this pushes the pound upward.
Buy the GBPUSD pair on declines from 1.3200 or lower.
The level of cancellation of the forecast is a consolidation below 1.3050 for the pound.