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Geopolitical tension

Geopolitical tension | 20 October 2020

20 October 2020, GBP/USD

Geopolitical tension

GBPUSD trading plan:

EU Brexit negotiator Michel Barnier confirmed the EU remained "available to intensify negotiations in London," marking a change in tone somewhat after EU leaders had dropped their pledge to intensify trade talks last week and called on the U.K. to make concessions for a deal. The game of brinkmanship between both parties, however, is expected to continue in the wake of little progress on key issues that have held back talks including the so-called level playing field commitments, fisheries and issues of governance.

Trading recommendation: range 1.2900-1.3000.

David Johnson
Analyst of «FreshForex» company
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