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Investment funds sell's British currency

Investment funds sell's British currency | 09 July 2019

09 July 2019, GBP/USD

Investment funds sell's British currency

GBPUSD trading plan:

Investment funds increase their short positions on the British currency. CFTC reports indicate the maximum sale's of the pound sterling over the past nine months! High political risks force investors to sell British assets. B. Johnson is promises "hard" BREXIT. Negative macroeconomic statistics from the UK on industry and services signals a recession in the economy. BREXIT increases the risk of recession in the economy. The pound sterling is the weakest link in the foreign exchange market!

Trading recommendation: Sell 1.2530 and take profit 1.2495.

David Johnson
Analyst of «FreshForex» company
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