Good and bad news | 17 April 2020

17 April 2020, GBP/USD

Good and bad news

GBPUSD trading plan:

U.K. could face eight to ten waves of the COVID-19 before the population achieves herd immunity, Professor Anthony Costello, a former British director of the World Health Organisation warned, drawing on new research. This followed news the lockdown restrictions would continue in the U.K. for at least another three weeks. This is negative news for the British currency! Chicago hospital treating severe Covid-19 patients with Gilead Sciences’ antiviral medicine remdesivir in a closely watched clinical trial is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week. This is positive news for “high-yield” assets.

Trading recommendation: range 1.2430 -1.2530.

David Johnson
Analyst of «FreshForex» company
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