Our free forex signals service today looks at the GBP/USD and we have the entry, stop and take profits levels for you. The COVID-19 spread continues to decrease in the UK. As more than 70% of the population is vaccinated, the daily rate of cases drops from more than 50,000 a day to around 20,000. This points to better growth prospects and a stronger Pound. –Are you interested to learn more about forex signals? Check our detailed guide- ISM manufacturing purchasing managers’ index fell to 59 points in July, worse than expected and indicating a slower but still steady expansion. Furthermore, inflationary pressures appear to be weakening since the PMI data showed a drop in prices paid component. In the end, this is positive news that investors can appreciate. Dollar prices could be affected by any improvement in the risk sentiment. What about Brexit? The remaining problems with the British withdrawal remain, but both sides seem to be in some sort of truce and refraining from further action under the Northern Ireland Protocol. IHS Markit’s final report on the UK services sector confirmed a stronger than expected performance in July. July’s flash purchasing managers’ index (PMI) was revised from 57.8 to 59.6 by IHS Markit / CIPS UK. This compares with an expected 57.8 the last month. As of July, the UK economy has been recovering slower than it did in the second quarter of 2021. This is because fewer businesses can grow due to labor and material shortages. At the same time, on the demand side, we have already seen a peak in pent-up – an increase in consumer spending. Get FREE Forex Signals Now! GBP/USD free forex signals Instrument: GBP/USD Order: BUY STOP Entry price: 1.3962 Stop Loss: 1.3869 TP1: 1.4101 Recommended Risk: 1% Risk / Reward Ratio: 1:5 Signal validity period: Good until cancelled Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next NASDAQ Price Prediction: Inflation Continues To Linger Gerald Fenech 10 months Our free forex signals service today looks at the GBP/USD and we have the entry, stop and take profits levels for you. The COVID-19 spread continues to decrease in the UK. As more than 70% of the population is vaccinated, the daily rate of cases drops from more than 50,000 a day to around 20,000. This points to better growth prospects and a stronger Pound. -Are you interested to learn more about forex signals? Check our detailed guide- ISM manufacturing purchasing managers' index fell to 59 points in July, worse than expected and indicating a slower but still steady expansion.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
