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B. Johnson against the agreement with the European Union

B. Johnson against the agreement with the European Union | 31 May 2019

31 May 2019, GBP/USD

GBPUSD trading plan:

Good and bad news for the British currency. United States inflation was much weaker than initially thought in the first quarter amid a sharp slowdown in domestic demand. Fed Chairman Jerome Powell said recently he believed the soft inflation "may wind up being transient." This is a negative signal for the U.S. currency! The bad news for the British currency is high political risks. B. Johnson is a former foreign minister seen as the favourite to replace May after she steps down as Conservative Party leader. He has said Britain should be prepared to leave the bloc without a deal.

Trading recommendation: range 1.2570 -1.2650.

David Johnson
Analyst of «FreshForex» company
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