Political instability | 18 June 2019

18 June 2019, GBP/USD

Political instability

GBPUSD trading plan:

The British currency is at its lowest level in the last five months. Investors are afraid of coming to power B. Johnson who promises BREXIT without an agreement with the European Union. The British currency is the weakest link in the market now. Political instability has a negative impact on the course of trading. Investors do not like to take risks and they are forced to sell British assets. The yield of two-year UK Government bonds is 0.62%. This figure is 0.13% lower than the interest rate of the Bank of England. This is a negative factor for the British currency!

Trading recommendation: Sell 1.2559 and take profit 1.2522.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus