The political crisis in the UK | 26 March 2019

26 March 2019, GBP/USD

The political crisis in the UK

GBPUSD trading plan:

The political crisis in the UK is hampering the British currency. Opposition Labour leader Jeremy Corbyn said May's approach to Brexit had become "a national embarrassment" that risked allowing Britain to crash out of the EU without a deal. Theresa May admitted on Monday she did not have enough support. British politicians don't know what to do. "The prime minister does not have the confidence of the parliamentary party," said in the Cabinet of Ministers of the United Kingdom. The Cabinet is waiting for the resignation of the Prime Minister. Such an event can cause large-scale sales of the British currency.

Trading recommendation: range 1.3155 -1.3242.

David Johnson
Analyst of «FreshForex» company
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