05 April 2019, GBP/USD
GBPUSD trading plan:
The political crisis in the UK is forcing investors to sell the British currency. T. May has already committed to seek a short extension to Britain's European Union membership and work with the opposition Labour Party to come up with a different exit plan, in a last-ditch attempt to keep control after her own Brexit deal was rejected three times by the lower House of parliament. But the Parliament blocks the Prime Minister's initiatives. The house of Lords is trying to stop the process. Brussels hoped discussions between Prime Minister Theresa May's government and the opposition Labour Party could break the Brexit impasse by an April 10 emergency European Union summit.
Trading recommendation: range 1.3060-1.3150.
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