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Policy against the British currency

Policy against the British currency | 29 May 2019

29 May 2019, GBP/USD

Policy against the British currency

GBPUSD trading plan:

The political crisis has a negative impact on the value of the British currency. The number of supporters of BREXIT without an agreement with the European Union is increasing in the United Kingdom. The European parliament elections have shaken up the political landscape Great Britain. The U.K. also participated in the elections, and the Brexit Party easily won the day, capturing 29 seats. Labor came in second place with 10, and the Conservatives won just 4 seats. This is a negative signal for the British currency. Investors against political risks - funds will sell the British currency.

Trading recommendation: Sell 1.2668 and take profit 1.2627.

David Johnson
Analyst of «FreshForex» company
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