High political risks | 25 October 2019

25 October 2019, GBP/USD

High political risks

GBPUSD trading plan:

Prime Minister Boris Johnson called on Thursday for a general election on December. Johnson said in a letter to opposition Labour leader Jeremy Corbyn he would hand parliament more time to approve his BREXIT deal but that lawmakers must back a December election, Johnson's third attempt to try to force a snap poll. But Johnson seems to still hold out hope of securing a deal with Brussels, offering parliament until Nov. 6 to ratify an agreement he settled with the EU last week. High political risks force investors to sell the British currency.

Trading recommendation: Sell 1.2870 and take profit 1.2830.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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