Geopolitical tensions | 11 June 2020

11 June 2020, GBP/USD

GBPUSD trading plan:

Britain is seeking a trading relationship with the European Union that is too close to that of an EU member, the EU's Brexit negotiator Michel Barnier said, urging London to adjust its demands in the four months left to reach a deal. "The truth is that in many areas (Britain) is demanding a lot more than Canada, Japan or many of our other (trade) partners," Barnier told a forum in Brussels. "In many areas it is looking to maintain the benefits of being a member state without the constraints," Barnier said. Geopolitical tensions between the United Kingdom and the European Union are forcing investors to withdraw from the act of trading the pound.

Trading recommendation: range 1.2650 -1.2735.

David Johnson
Analyst of «FreshForex» company
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