Good and bad news for the British currency | 28 اكتوبر 2019
28 اكتوبر 2019, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. The good news is the demand for "high-yield" assets. Investors are increasing long positions in "high-yielding" currencies, corporate stocks and commodities. This is a positive signal for the British currency, which correlates with "high-yielding" assets. The bad news is political instability in the UK. Prime Minister Boris Johnson cannot win support in Parliament on the BREXIT project. This factor forces investors to sell the British currency in the area of the psychological level of 1.3000.
Trading recommendation: range 1.2780 -1.2850.
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.
