The reduction of geopolitical tensions | 29 اكتوبر 2019
29 اكتوبر 2019, GBP/USD
GBPUSD trading plan:
We are expecting a positive trend today. U.K. Prime Minister Boris Johnson failed to win support for an early general election as MPs voted against his proposal for a Dec. 12 election. The reduction of geopolitical tensions will have a positive impact on the value of the British currency. European Union leaders offered to delay BREXIT until Jan. 31, and also gave the U.K. the option to leave early if they pass the Withdrawal Agreement. Johnson confirmed in a letter to EU Council President Donald Tusk that the U.K. had formally accepted the extension offer.
Trading recommendation: Buy 1.2845 and take profit 1.2888.
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.
