Negative dynamics of the debt market | 24 December 2019

24 December 2019, GBP/USD

Negative dynamics of the debt market

GBPUSD trading plan:

Good and bad news for the British currency. The negative dynamics of the debt market signals a decline in the value of the pound sterling. Investors are wary of Britain leaving the European Union without an agreement with Brussels. Prime Minister Boris Johnson is ready to leave the European Union without an agreement. The good news for the British currency is a bullish rally in the commodity market. Oil prices edged higher after Russia's energy minister said cooperation with OPEC to support the market would continue. OPEC, Russia and other producers that have linked up to curtail production and support prices will continue their cooperation as long as it is "effective and brings results," Russian energy minister Alexander Novak said in an interview.

Trading recommendation: range 1.2900 -1.2960.

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David Johnson
Analyst of «FreshForex» company
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