15 October 2020, GBP/USD
GBPUSD trading plan:
European Union leaders meeting in Brussels on today will pressure Britain for concessions in their troubled Brexit talks, saying a trillion euros worth of trade could be sunk if London does not budge on fisheries, fair competition and solving disputes. The 27 EU national leaders are due to step up contingency plans for an abrupt economic split if no agreement emerges in time on trading with Britain without tariffs or quotas. "We have been making good progress but ‘good’ is not good enough," an EU official said when asked if a deal was close. "We have not found a solution on the three issues that are very difficult... so we cannot say we are close to an agreement." Geopolitical tensions between the European Union and the UK have a negative impact on the value of the British currency.
Trading recommendation: range 1.2915-1.2985.
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