12 February 2021, GBP/USD
GBPUSD trading plan:
Michel Barnier, the European Union’s chief Brexit negotiator, warned the bloc won’t be hurried into granting U.K. financial firms free access to the bloc’s single market. “Equivalence decisions are, and will remain, unilateral of each party and aren’t subject to negotiation,” he said at the European Business Summit in Brussels Thursday. Bank of England Governor Andrew Bailey criticized the bloc’s approach on equivalence, describing it as a standard the EU wouldn’t “agree to be held to itself.” “We know that there are attempts to circumvent the new rules,” he said. “Needless to say the national authorities of the EU, in each and every country, and the EU authorities themselves will be very, very vigilant in the next few weeks and months and I recommend everyone to be careful.” Geopolitical tensions between the United Kingdom and the European Union will have a negative impact on investor sentiment.
Investment idea: range 1.3765 -1.3855.
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