European Union and BREXIT | 12 April 2019

12 April 2019, GBP/USD

GBPUSD trading plan:

The British currency is trading confidently above the psychological level of 1.30 this week. Investment funds are actively buying the pound, as the European Union is ready to extend BREXIT. Investors understand that remain risks to the economy of the United Kingdom. The uncertainty facing British businesses has gone "through the roof" due to Brexit, hurting investment and posing long-term challenges for economic productivity - said Bank of England Governor Mark Carney. But now traders are optimists about the British currency.

Trading recommendation: Buy 1.3040 and take profit 1.3100.

David Johnson
Analyst of «FreshForex» company
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