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May, 20 - GBP/USD is growing despite Brexit statement

As we all know sometimes we do not need to wait for the currency to grow against the greenback due to the inner decisions of the government or economic boost. Sometimes all we have to do is to wait for the greenback to fall against its major peers and voila – we have a growth in previously losing couple. And that is exactly what we see in GBP/USD trading right now. Despite bad signals coming out from Brexit talks – it seems that negotiations ‘went as far as they could have gone’ – direct quote – GBP is still finding proper strength for growth against the greenback. All due to the declining and under-the-question strength of USD itself.

 

gbpusd 20.05.2019

 

Here is the climb that the GBP/USD is having right now and even though it is not something that we were expecting to see today it is not a bad change at all. After all we see a perfect hike, we go for it, especially given the disappointing performance of EUR/USD these days.

 

Will pound stand by the growth or will it fall down? Find out with our trading signals!

 

 

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