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High political risks in the United Kingdom

High political risks in the United Kingdom | 07 June 2019

07 June 2019, GBP/USD

GBPUSD trading plan:

High political risks in the United Kingdom make investment funds avoid buying British currency. The solution to the BREXIT problem will positively affect the value of the British rule. Unlike the rest of Britain's economy, the job market has performed strongly since the BREXIT referendum in 2016. Unemployment fell to its lowest rate since 1975 at 3.8% in the first quarter of 2019, official data has shown. The bullish trend in the oil market will have a positive impact on the value of the British currency. Investors buy oil contracts amid geopolitical tensions in Iran and Venezuela. #BRENT may test the level of 63.10 today.

Trading recommendation: range 1.2650 -1.2740.

David Johnson
Analyst of «FreshForex» company
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