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Trade negotiations the UK and the EU

Trade negotiations the UK and the EU | 21 September 2020

21 September 2020, GBP/USD

Trade negotiations the UK and the EU

GBPUSD trading plan:

The U.K. government said a round of informal EU trade talkswere “useful,” as European Commission President Ursula von der Leyen told the she’s “convinced” a deal is possible. Talks on a new trade deal from 2021 have made little progress ahead of an EU deadline of end-October, while London's moves to undermine its earlier divorce deal have further clouded the picture. EU diplomats said they would assess the domestic political situation in Britain at the end of the month before the bloc's 27 national leaders decide next steps at an Oct. 15-16 summit. This is a positive signal for the British currency.

Trading recommendation: Buy 1.2940 and take profit 1.2990.

David Johnson
Analyst of «FreshForex» company
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