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The deal is in everybody’s interest

The deal is in everybody’s interest | 11 October 2019

11 October 2019, GBP/USD

GBPUSD trading plan:

We are expecting the bullish rally to continue today! U.K. Prime Minister Boris Johnson hosted Irish premier Leo Varadkar. Varadkar said he believed a deal is possible before the end of the month, and urged negotiators to resume talks in Brussels.Both leaders “continue to believe that a deal is in everybody’s interest”. This factor caused a strong rally with the bulls. The uptrend in the oil market will provide additional support to the British currency today, as there is a correlation between GBPUSD and BRENT.

Trading recommendation: Buy 1.2445 and take profit 1.2500.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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