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Geopolitical tensions between the EU and the UK

Geopolitical tensions between the EU and the UK | 14 September 2020

14 September 2020, EUR/USD

Geopolitical tensions between the EU and the UK

EURUSD trading plan:

British and European Union negotiators are likely to have a few weeks to avoid a breakdown of trade talks, but that window will close if a contentious British bill becomes law, Irish Foreign Minister Simon Coveney said. "I think there is an important window here before this legislation becomes law to try to make progress on some of the issues that the UK seems to have a problem with. The way to do that is through negotiation," Coveney told RTE radio in an interview. "This legislation I believe will probably get delayed somewhat coming through the Houses of Parliament in the UK, particularly in the House of Lords," he said. Geopolitical tensions between the European Union and the UK have a negative impact on the value of the Euro.

Trading recommendation: range 1.1810 -1.1890.

David Johnson
Analyst of «FreshForex» company
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