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A good day for the British currency

A good day for the British currency | 16 December 2019

16 December 2019, GBP/USD

A good day for the British currency

GBPUSD trading plan:

We are expecting a bullish rally in the British currency. British Prime Minister Boris Johnson told Scottish First Minister Nicola Sturgeon he would not support her plan for a second independence referendum. The Prime Minister made clear how he remained the result of the 2014 referendum was decisive and should be respected. This is a positive signal for the British currency! The oil market will provide additional support to the pound. Crude futures hit three-month highs after the Trump administration announced a trade deal. OPEC, in its own monthly report, said it expected a small oil supply deficit instead for next year.

Trading recommendation: Buy 1.3355 and take profit 1.3415.

TRADE OILS WITHOUT SWAPS!

David Johnson
Analyst of «FreshForex» company
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