BREXIT | 15 October 2019

15 October 2019, GBP/USD

BREXIT

GBPUSD trading plan:

Johnson postponed a meeting of his political cabinet to Wednesday, when it may become clearer whether a BREXIT deal will be done this week. The EU plans to decide Wednesday whether there will be a deal for leaders to sign during the Oct. 17-18 summit and has ruled out negotiating during the actual meeting of leaders. With 17 days before the U.K. is due to leave the EU, Johnson repeatedly pledged to “get BREXIT done”. He’s refused to ask for a delay to BREXIT, even though the Benn Act says he must do so if he hasn’t finalized a deal with both the EU and U.K. Parliament by Oct. 19. The reduction of geopolitical tensions will have a positive impact on the value of the British currency.

Trading recommendation: Buy 1.2605 and take profit 1.2675.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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