By IFCMarkets
Interest rate cut by Bank of England bearish for GBPUSD
Bank of England cut interest rates half a percentage point to 0.5% in an emergency statement. It mentioned in the decision business activity “is likely to weaken materially in the United Kingdom over the coming months.” This is bearish for GBPUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Neutral | |
MA(200) | Neutral | |
Fractals | Sell | |
Parabolic SAR | Buy |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.2829 |
Stop loss | Above 1.2975 |
Market Analysis provided by IFCMarkets