Good and bad news for the British currency | 01 اكتوبر 2019
01 اكتوبر 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The good news is capital inflows into "high-yield assets". Investors increase long positions in the stock markets, which has a positive impact on the value of the pound sterling. The bad news is the political crisis in the United Kingdom. The Conservative party and the Labour party cannot agree on BREXIT. The political crisis has a negative impact on economic growth. The Office for National Statistics confirmed the economy contracted at a quarterly rate of 0.2% in the second quarter.
Trading recommendation: range 1.2250 -1.2330.
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.
