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BREXIT

BREXIT | 20 May 2019

20 May 2019, GBP/USD

BREXIT

GBPUSD trading plan:

Negotiations British politicians BREXIT stalled. Investors panic and sell British assets. Theresa May told party colleagues she would set a timetable for her departure next month, irrespective of whether her proposed EU Withdrawal Agreement passes in the House of Commons at the fourth time of asking. That vote is pencilled in for the first full week of June, and there is little sign of it succeeding. The political crisis in the UK caused the sales of the British currency at the beginning of the year and now this trend continues.

Trading recommendation: Sell 1.2752 and take profit 1.2719.

David Johnson
Analyst of «FreshForex» company
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