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Geopolitical tensions between the UK and the EU

Geopolitical tensions between the UK and the EU | 30 October 2020

30 October 2020, GBP/USD

GBPUSD trading plan:

EU and U.K. negotiators continue discussions over the trading arrangements between the two blocs. Britain will not back down on its demands to the European Union over fisheries, minister Michael Gove said in letter sent to a minister in the devolved Welsh government. "The UK Government’s view is that in all circumstances, the UK must be an independent coastal state, no longer be bound by the Common Fisheries Policy." said Michael Gove. Geopolitical tensions between the United Kingdom and the European Union are having a negative impact on the value of the British currency.

Trading recommendation: Sell 1.2938 and take profit 1.2900.

David Johnson
Analyst of «FreshForex» company
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