GBP/USD: forecast for Oct. 2-6

Britain’s economy recorded its weakest annual growth since 2013 in the second quarter of the year. GDP growth slowed from 1.8% in the first three months of the year to 1.5% in the second quarter. Manufacturing PMI released on Monday missed forecasts. It means that Brexit has its negative impact on the nation’s economy. The Bank of England’s Governor Mark Carney sounded more cautious last week than at the central bank’s last meeting. Most economists think that the BoE will raise its benchmark interest rate in November, but these expectations cooled a bit.



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Trading plan for February 18

The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.

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