A good day for the British currency | 16 ديسمبر 2019

16 ديسمبر 2019, GBP/USD

A good day for the British currency

GBPUSD trading plan:

We are expecting a bullish rally in the British currency. British Prime Minister Boris Johnson told Scottish First Minister Nicola Sturgeon he would not support her plan for a second independence referendum. The Prime Minister made clear how he remained the result of the 2014 referendum was decisive and should be respected. This is a positive signal for the British currency! The oil market will provide additional support to the pound. Crude futures hit three-month highs after the Trump administration announced a trade deal. OPEC, in its own monthly report, said it expected a small oil supply deficit instead for next year.

Trading recommendation: Buy 1.3355 and take profit 1.3415.

TRADE OILS WITHOUT SWAPS!


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.
David Johnson
Analyst of «FreshForex» company
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