Good news and bad news | 30 سبتمبر 2019

GBPUSD trading plan:

Good and bad news for the British currency. The good news is capital inflows into "high-yield assets." “We will take further steps to promote high quality two-way financial opening, encourage foreign financial institutions and funds to invest in the domestic financial market to boost the competitiveness and dynamism of the domestic financial system,” read a summary from the eighth meeting of the Financial Stability and Development Committee China. The bad news is negative macroeconomic statistics from the United Kingdom. Pessimism in British businesses rose in the three months to September to the highest level in almost eight years, as the escalating BREXIT crisis weighed heavily on companies.

Trading recommendation: range 1.2260 -1.2340.

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