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UK and the EU remain far apart

UK and the EU remain far apart | 29 June 2020

29 June 2020, GBP/USD

GBPUSD trading plan:

Investors fear Britain and the European Union will fail to reach a deal on their future relationship before a transition period that ends on Dec. 31, a survey published on Monday showed. Britain and the EU, which remain far apart with only a few months until a deal must be reached, have intensified talks on a trade deal that would replace ties severed by Brexit. About 30% said they expected the two sides to reach a free trade deal by the end of the year and 20% said they believed the EU and Britain will reach a basic framework agreement that will be finalized next year. This is a negative signal for the British currency.

Trading recommendation: Sell 1.2400 and take profit 1.2360.

David Johnson
Analyst of «FreshForex» company
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