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Deal between London and Brussels

Deal between London and Brussels | 16 October 2019

16 October 2019, GBP/USD

GBPUSD trading plan:

Reducing political risks has a positive impact on the value of the British currency. The European Union is ready to conclude an agreement with London on BREXIT. The negotiators the UK and EU close to creating the finished project on the transaction BREXIT. Traders continue to assess the statement by Michel Barnier, that reaching agreement is still possible in the coming days. Additional support for the British currency will be provided by the actions of the Federal Reserve, which launched the QE program on October 15.

Trading recommendation: Buy 1.2735 and take profit 1.2777.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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