Political instability | 18 Juni 2019

GBPUSD trading plan:

The British currency is at its lowest level in the last five months. Investors are afraid of coming to power B. Johnson who promises BREXIT without an agreement with the European Union. The British currency is the weakest link in the market now. Political instability has a negative impact on the course of trading. Investors do not like to take risks and they are forced to sell British assets. The yield of two-year UK Government bonds is 0.62%. This figure is 0.13% lower than the interest rate of the Bank of England. This is a negative factor for the British currency!

Trading recommendation: Sell 1.2559 and take profit 1.2522.