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Geopolitical tensions

Geopolitical tensions | 02 October 2020

02 October 2020, GBP/USD

Geopolitical tensions

GBPUSD trading plan:

The U.K. and EU continued talks in Brussels to iron out key issues holding up the potential post-Brexit deal, but differing reports of progress suggest both sides remain wide apart on reaching a consensus. The U.K. has made it clear it is unlikely to cave in on demands to take control over access to its waters and fish when the Brexit transition period ends, rather than stick with the EU’s Common Fisheries Policy, which set fishing quotas among EU member states. Geopolitical tensions between the UK and the European Union have a negative impact on the value of the British currency.

Trading recommendation: range 1.2832 -1.2901.

David Johnson
Analyst of «FreshForex» company
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