Good and bad news | 25 نوفمبر 2019
25 نوفمبر 2019, GBP/USD
GBPUSD trading plan:
Good news and bad news. The good news is a bullish rally in the oil market. The two-month highs in oil prices earlier this week came on a Bloomberg report that OPEC and Russia were likely to extend existing production cuts by another three months to mid-2020 when they meet over Dec. 5-6. British Prime Minister Boris Johnson's Conservative Party has seen its lead narrow to 10 points over the opposition Labour Party, according to a poll by Panelbase released on Friday. This is negative news for the British currency. Political risks are forcing investors to sell the pound sterling.
Trading recommendation: range 1.2820 -1.2900
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.
