Good and bad news for the British currency | 23 Desember 2019

GBPUSD trading plan:

Good and bad news for the British currency. Prime Minister Boris Johnson won approval for his Brexit deal in parliament, the first step towards fulfilling his election pledge to deliver Britain's departure from the European Union by Jan. 31 after his landslide victory. Lawmakers voted by 358 to 234 pass the second reading of the legislation. This is positive news for the pound. The negative news for the pound is a bearish rally in the oil market, as there is a correlation between GBPUSD and #BRENT. Oil prices fell about 1% on Friday as some traders cashed in after a six-day rally in U.K. Brent crude futures. Crude prices have risen almost non-stop since December began, spurred largely by promises of deeper output cuts from January by the OPEC+.

Trading recommendation: range 1.2975 -1.3045.

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