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Trade negotiations

Trade negotiations | 30 November 2020

30 November 2020, GBP/USD

GBPUSD trading plan:

Face-to-face negotiations between Britain and the European Union over a trade deal restarted, in a last-ditch attempt to find agreement with just five weeks to go before their current relationship ends. Barnier and Britain's chief negotiator David Frost are working to secure a deal before the UK's transition period with the EU ends on Dec. 31. Both sides are calling for the other to compromise on the three main issues of contention - fishing, state aid and how to resolve any future disputes. Britain left the bloc on Jan. 31 this year and a "no-deal" final exit would snarl borders, spook financial markets and disrupt delicate supply chains that stretch across Europe and beyond -- just as the world grapples with the vast economic cost of the COVID-19 outbreak.

Investment idea: range 1.3312 -1.3380.

David Johnson
Analyst of «FreshForex» company
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