Good and bad news | 24 September 2019

24 September 2019, GBP/USD

Good and bad news

GBPUSD trading plan:

Good and bad news for the British currency. The bad news is the lack of progress on the London-Brussels talks. The European Union's BREXIT negotiator said on Monday it was difficult to see a way to break the BREXIT impasse as British Prime Minister Boris Johnson's demand to drop an insurance policy for the Irish border was unacceptable. "I am sure you understand this is unacceptable," Barnier said during a news conference in Berlin alongside German Foreign Minister Heiko Maas. The good news is high geopolitical tensions in the oil market. We are expecting the continuation of the bullish rally in the oil market, which will have a positive impact on the value of the pound sterling.

Trading recommendation: range 1.2400 -1.2495.

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David Johnson
Analyst of «FreshForex» company
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