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Political tensions in the UK are fading

Political tensions in the UK are fading | 05 September 2019

05 September 2019, GBP/USD

Political tensions in the UK are fading

GBPUSD trading plan:

Political tensions in the UK are fading. Members of the British Parliament passed the BREXIT bill, to block a no-deal split from the EU. Members of Parliament voted by 329 votes to 300 to continue with the bill aimed at blocking a no-deal BREXIT. The British Parliament may ask Brussels to grant a delay of three months for the United Kingdom to leave the European Union. This is a positive factor for the British currency. Additional support for the pound will have a bullish rally in the oil market. Investors are increasing their long positions in the oil market amid positive trade negotiations between the US and China.

Trading recommendation: Buy 1.2240 and take profit 1.2300.

David Johnson
Analyst of «FreshForex» company
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