The political crisis in the UK | 29 أغسطس 2019
29 أغسطس 2019, GBP/USD
GBPUSD trading plan:
The political crisis in the UK forces investors to fix profits on long positions. The British currency showed a bullish rally for two weeks and we're expecting a technical correction. British Prime Minister Boris Johnson moved to suspend parliament, seen as a bid to limit debate ahead of the Oct. 31 deadline for the UK to leave the European Union. That increased expectations of a "no-deal Brexit," which would mean a departure without trading agreements in place. This is a negative factor for the British currency!
Trading recommendation: Sell 1.2222 and take profit 1.2180.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
