16 Enero 2020, GBP/USD
GBPUSD trading plan:
Good and bad news for the British currency. Gross domestic product fell 0.3% in November, said the Office for National Statistics. The figures will add to concerns at the Bank of England. Britain is due to leave the European Union at the end of the month, and many doubt Johnson can deliver on his pledge to strike a trade deal with the bloc by the end of the year. The good news for the British currency is the reversal of the trend in the oil market. We are expecting an uptrend to develop in the black gold market. Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a much steeper decline than OPEC’s secondary-sources estimate of an 111,000-bpd fall, the organization’s Monthly Oil Market Report. This is a positive signal!
Trading recommendation: range 1.3000 -1.3080.
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