High political risks in the UK

10 Oktober 2019, GBP/USD

High political risks in the UK

GBPUSD trading plan:

High political risks in the UK have a negative impact on investor sentiment. The latest on BREXIT shenanigans is that despite the existent of the Benn Act, which is designed to force the PM to request a BREXIT delay if a deal is not in place or if MPs have agreed to a no deal exit, the PM has indicated that he still wants the UK to leave the EU on October 31. Geopolitical tensions are forcing investors to sell British assets. The good news for the British currency is positive expectations for trade negotiations between the United States and China.

Trading recommendation: range 1.2200 -1.2270.


David Johnson
Analyst of «FreshForex» company
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