Good and bad news | 23 سبتمبر 2019
23 سبتمبر 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The good news is the European Union's decision to strike a deal with the UK. The political crisis in the UK has been going on since June 2016 - London and Brussels cannot hold positive BREXIT talks. The European Union is ready to make concessions now. The bad news is the correction in the UK government bond market. Investors are selling British assets which signal a decline in the value of the pound sterling. Investment funds close long positions after a two-week bullish trend.
Trading recommendation: range 1.2440 -1.2530.
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.
