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High political risks

High political risks | 16 July 2019

16 July 2019, GBP/USD

High political risks

GBPUSD trading plan:

Investment funds increase sales of the British currency. CFTC reports signal the maximum sales of the British currency over the past ten months. Boris Johnson has pledged to leave the EU with or without a deal on Oct. 31. High political risks force investors to sell British assets. Bank of England Governor Mark Carney said the Central Bank had the ability to respond to either slower growth or higher inflation which could follow the country's departure from the European Union. "Britain's financial system was strong enough to withstand any BREXIT turbulence" said Mark Carney.

Trading recommendation: range 1.2485 -1.2555.

David Johnson
Analyst of «FreshForex» company
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