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Good and bad news for the British currency

Good and bad news for the British currency | 06 December 2019

06 December 2019, GBP/USD

GBPUSD trading plan:

Good and bad news for the British currency. British employers' demand for staff rose in November at the slowest rate in more than a decade. Monitored by the Bank of England, the index of demand for staff from the Recruitment and Employment Confederation and accountants KPMG fell to 51.4 in November, it’s lowest since September 2009. The positive news for the pound is a bullish rally in the oil market, as the British currency correlates with black gold. OPEC+ agreed to cut an extra 500,000 barrels per day of production. However, the move failed to lift oil prices today as the cuts would likely only last through the first quarter of 2020.

Trading recommendation: range 1.3100 -1.3170.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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