Geopolitical tensions | 10 February 2020

10 February 2020, GBP/USD

Geopolitical tensions

GBPUSD trading plan:

Geopolitical tensions between the United Kingdom and the European Union may force investors to increase short positions on the pound. The European parliament raised concerns last month that EU citizens risked discrimination after Brexit in seeking housing and employment. Britain security minister Brandon Lewis said that EU nationals risked being deported if they failed to apply for settled status. Positive macroeconomic statistics from the United States will have a positive impact on the value of the dollar. Nonfarm payrolls for the month rose by 225,000, up from a rise of 145,000 in December. Average hourly earnings, a measure of wage inflation, rose 0.2% in January, and were up 3.1% year on year.

Trading recommendation: Sell 1.2920 and take profit 1.2900

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Make a strong strategic move!

David Johnson
Analyst of «FreshForex» company
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