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Brits enjoy a bank holiday

Brits enjoy a bank holiday | 31 Agosto 2020

31 Agosto 2020, GBP/USD

Brits enjoy a bank holiday

GBPUSD trading plan:

Brits enjoy a bank holiday on Monday. There are no official rounds of Brexit talks scheduled for early September, but the end of Europe's holiday season implies a significant chance that officials will provide statements or talk to the press. Many expect a breakthrough only around the next EU Summit in October – or even closer to the last minute. A bullish rally in the oil market will have a positive impact on the value of the British currency. According to the Bureau of Safety and Environmental Enforcement, just about 40% of manned platforms in the U.S. Gulf of Mexico remained shuttered.

Trading recommendation: Buy 1.3290 and take profit 1.3344.

David Johnson
Analyst of «FreshForex» company
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