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The YouGov forecast

The YouGov forecast | 11 December 2019

11 December 2019, GBP/USD

The YouGov forecast

GBPUSD trading plan:

Good and bad news for the British currency. The pound slid as much as 0.4% after the YouGov poll indicated Prime Minister Boris Johnson’s party will gain a majority of 28, compared with 68 projected two weeks ago. The Tories will win 339 of the 650 seats in the House of Commons, Labour 231, the Scottish National Party 41, according to the YouGov forecast. High geopolitical risks force investors to sell the British currency. A bullish rally in the oil market will have a positive impact on the value of the British currency, as the pound correlates with black gold. Traders are expecting positive trade talks between the United States and China, and are increasing long positions in the oil market.

Trading recommendation: range 1.3110 -1.3190.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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