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 |
| Order | Sell |
| Buy stop | Below 1.2829 |
| Stop loss | Above 1.2975 |
Market Analysis provided by IFCMarkets