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Agreement between the European Union and the UK

Agreement between the European Union and the UK | 10 April 2019

10 April 2019, GBP/USD

Agreement between the European Union and the UK

GBPUSD trading plan:

The British currency is influenced by political events. We are seeing high volatility due to BREXIT. The European Union will grant Britain another delay to BRXIT on certain conditions. The EU will demand that Britain's extended stay in the bloc cannot undermine its key institutions. EU leaders are now split between those who want to end the agony as soon as possible and those who think only a long recess could give enough time to the UK to sort out its political crisis. The EU was ready to upgrade the political declaration setting out the blueprint of the new EU-UK deal after BREXIT should London so wish. This is a positive signal for the British currency in the short term.

Trading recommendation: Buy 1.3026 and take profit 1.3100.

David Johnson
Analyst of «FreshForex» company
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