09 October 2020, GBP/USD
GBPUSD trading plan:
Britain's economy struggled to grow in August, setting back its recovery from the coronavirus lockdown. Gross domestic product rose by 2.1% from July. More than half of the economy's growth in August came from accommodation and food, where output surged by 71.4% thanks to the government's one-month meals subsidies, more people taking holidays in Britain and the easing of lockdown restrictions. A bullish rally in the oil market will have a positive impact on the value of the British currency. The supplies from Norway could be slashed by up to 25% due to a strike by oilworkers. Non-OPEC production is going to take a big hit over the next couple of weeks and this will continue to drive the rebalancing of the oil market.
Trading recommendation: Buy 1.2938 and take profit 1.2980.
cn 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
