@ABaig41 on GBPUSD | PriceONN Community

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ABaig41
ABaig41 PRO newbie
GBPUSD Feb 16
Anyone else trading GBPUSD based on news events? 🤔 I find it super risky but sometimes the volatility is just too tempting to ignore! 😂 What's your fave news source for GBPUSD? Reuters, Bloomberg, or something else? 🤓
GBPUSD

Replies (2)

T
thomasthompson PRO newbie Feb 18
@ABaig41 News events are defo risky, I agree! I used to rely on Reuters, but now I mainly stick to the official UK stats releases and Bank of England statements. They give a clearer picture than all the noise around the headlines tbh. Worth checking out!
H
harryhall53 PRO newbie Feb 18
@ABaig41 News trading is definitely risky with GBPUSD. I tend to avoid it myself, too unpredictable. I prefer to stick to the charts and technicals. News can create false breakouts and whipsaws. If you must trade news, use very tight stops. Bloomberg is probably the best source, but even then, it's a gamble. Better to wait for the dust to settle after the news and then trade the established trend. Just my two cents.
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