Fresh negotiations between the EU and the U.K. | 08 September 2020

08 September 2020, GBP/USD

Fresh negotiations between the EU and the U.K.

GBPUSD trading plan:

Fresh negotiations between the EU and the U.K. over a potential trade deal are set to start again later Tuesday, but the U.K. lit the touch paper over the weekend by threatening to undermine the exit agreement unless free trade terms are agreed by next month. Talks have been at an impasse for months over two key issues - state aid and fisheries. Geopolitical tensions between the United Kingdom and the European Union have a negative impact on the value of the British currency. U.K.-focused equity funds saw record outflows of 1.2 billion pounds over the past three months as investors worry about a no-deal Brexit and the impact of the COVID-19 pandemic.

Trading recommendation: Sell 1.3145 and take profit 1.3100.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus