Forecast for GBP / USD as of August 7, 2018


For the fall of the British pound on Monday by 60 points were very good reasons. More precisely, the reason was and remains one, a high risk (60% according to the Ministry of Trade) of the exclusion of a trade deal with the EU. Even Theresa May said that it's better to leave the EU without an agreement than to go out with a bad agreement. But the current situation is that the absence of a deal is also a bad deal, as the UK's obligations to the EU for "divorce" are not canceled. The pound was fixed at an important technical level of 1.30 and now it may decrease medium-term until the EU deigns to conclude a "good deal". In the near future, the pound may receive support from good GDP data and other indicators that appear on Friday. Well, while we are waiting for the pound sterling at the nearest target of 1.2790, the support of the downward price channel.


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