Good and bad news | 23 September 2019

23 September 2019, GBP/USD

Good and bad news

GBPUSD trading plan:

Good and bad news for the British currency. The good news is the European Union's decision to strike a deal with the UK. The political crisis in the UK has been going on since June 2016 - London and Brussels cannot hold positive BREXIT talks. The European Union is ready to make concessions now. The bad news is the correction in the UK government bond market. Investors are selling British assets which signal a decline in the value of the pound sterling. Investment funds close long positions after a two-week bullish trend.

Trading recommendation: range 1.2440 -1.2530.

TRADE METALS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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