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Trade talks between the UK and the EU

Trade talks between the UK and the EU | 27 November 2020

27 November 2020, GBP/USD

Trade talks between the UK and the EU

GBPUSD trading plan:

Britain and the European Union can clinch a Brexit trade deal and the shape of one is clear but London will not sign up to an accord at any cost, Prime Minister Boris Johnson's finance minister said. Officials in Britain and the EU say the talks are still snagged on two main issues, fair competition guarantees and fisheries, but neither, so far, have shown a willingness to shift enough on either to make way for any breakthrough. "It is preferable" to get a deal, Sunak told LBC radio. "We absolutely should not be stretching for a deal at any cost, that is not the right thing to do." This is a positive signal for the British currency.

Investment idea: Buy 1.3360 and take profit 1.3415.

David Johnson
Analyst of «FreshForex» company
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