26 October 2020, GBP/USD
GBPUSD trading plan:
Britain and the European Union have made good progress in talks on a trade deal that would stave off a tumultuous finale to the five-year-old Brexit crisis, but fish is the biggest sticking point. "We're in intense negotiations with the EU - we've made real progress," Trade Secretary Liz Truss said. "We're making good progress on the negotiations." Ireland's foreign minister said he believed Britain and the EU could reach a trade deal now the talks were back on track, but added the issues of fair competition and fisheries hampering an accord were "still very much there". "I think a deal can be done... What we have now, after all sorts of politics being played, is a process that is back on track," Simon Coveney said, adding, however, that both sides remained "miles apart" on fishing. This is a positive signal for the British currency.
Trading recommendation: Buy 1.3000 and take profit 1.3060.
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