Good and bad news | 11 ديسمبر 2020
11 ديسمبر 2020, GBP/USD
GBPUSD trading plan:
British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen met to try to break the deadlock, but said significant gaps remained and set a Sunday deadline to decide on their next steps. This is a negative signal for the pound. A bullish rally in the oil market will have a positive impact on the British currency, as assets are correlated with each other. Brent rise above $50 for the first time since March, as Covid-19 vaccination rollouts kept hopes alive that demand for crude would build up next year.
Investment idea: range 1.3295 -1.3365.
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.
