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The positive signal for the British currency

The positive signal for the British currency | 18 November 2019

18 November 2019, GBP/USD

The positive signal for the British currency

GBPUSD trading plan:

British opposition Labour leader Jeremy Corbyn said his party would not form a coalition government if it fails to secure a majority in parliament at a Dec. 12 election. Four opinion polls published on Saturday put Labour between 10 and 17 percentage points behind Prime Minister Boris Johnson's Conservatives. This is a positive signal for the British currency! Additional support for the British currency will be provided by the dynamics of the oil market. Traders are increasing long positions in the oil market, as they wait the signing of a trade agreement between the United States and China in December.

Trading recommendation: Buy 1.2901 and take profit 1.2950.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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