Correlation between GBPUSD and BRENT | 09 Tháng Mười 2020

09 Tháng Mười 2020, GBP/USD

Correlation between GBPUSD and BRENT

GBPUSD trading plan:

Britain's economy struggled to grow in August, setting back its recovery from the coronavirus lockdown. Gross domestic product rose by 2.1% from July. More than half of the economy's growth in August came from accommodation and food, where output surged by 71.4% thanks to the government's one-month meals subsidies, more people taking holidays in Britain and the easing of lockdown restrictions. A bullish rally in the oil market will have a positive impact on the value of the British currency. The supplies from Norway could be slashed by up to 25% due to a strike by oilworkers. Non-OPEC production is going to take a big hit over the next couple of weeks and this will continue to drive the rebalancing of the oil market.

Trading recommendation: Buy 1.2938 and take profit 1.2980.

David Johnson
Analyst of «FreshForex» company
Đồng ý với đánh giá?
Ý kiến ​​của thương nhân:
Close
Đăng nhập
Trình duyệt của bạn không hỗ trợ cookie Nếu cookie đã bị vô hiệu trong trình duyệt Internet của bạn, bạn có thể gặp vấn đề với việc hiển thị Khu vực cá nhân. Cách bật hỗ trợ cookie .