GBPUSD Forecast and Trade Plan October 13th
Yesterday was a fun day for GBPUSD. The GBPUSD pair headed into the US opening trading within the negative territory, as the Pound got hit by BOE’s credit conditions survey for Q3, and Brexit negotiation’s headlines. The Bank of England survey showed that default rates on credit cards and another unsecured lending are on the rise, whilst unsecured lending availability fell at its fastest pace since 2009, as banks tighten up credit scoring criteria.
GBPUSD hit the ultimate support 1.31200 and reacted. The pair ended the day 1.32600 which is above the critical support.READ MORE