The compromise | 16 Junio 2020

GBPUSD trading plan:

Prime Minister Boris Johnson stoked hopes that an outline of a deal of the Brexit could be reached by the end of next month. The prime minister added that he sees no reason why the outline of a Brexit deal cannot be agreed to by the end of July. The EU has suggested Oct. 31 as the latest date a deal can be reached to allow ample time for member states to back and ratify the deal before the end of the transition period on December 31. This is a positive signal for the British currency! Additional support for the pound will be provided by a bullish rally in the oil market. White House Economic Adviser Larry Kudlow said President Donald Trump was determined not to close the U.S. economy again over a new surge in Covid-19 cases — despite the autonomy for such a decision resting with state governors.

Trading recommendation: Buy 1.2630 and take profit 1.2680.