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The political crisis in the United Kingdom

The political crisis in the United Kingdom | 09 October 2019

09 October 2019, GBP/USD

GBPUSD trading plan:

The political crisis in the United Kingdom is gaining momentum. British Prime Minister Boris Johnson is facing a new rebellion from his cabinet over concerns of a no-deal BREXIT, with a group of cabinet ministers poised to resign. Culture Secretary Nicky Morgan, British Minister for Northern Ireland Julian Smith, Justice Secretary Robert Buckland, Health Minister Matt Hancock and Attorney General Geoffrey Cox are all on a "resignation watch list". With just over three weeks before the United Kingdom is due to leave the European bloc, the future of BREXIT remains deeply uncertain as both London and Brussels position themselves to avoid blame for a delay or a disorderly no-deal BREXIT. High political risks force investors to sell the British currency.

Trading recommendation: Sell 1.2218 and take profit 1.2181.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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