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British politicians are looking for ways out of the crisis

British politicians are looking for ways out of the crisis | 09 April 2019

09 April 2019, GBP/USD

British politicians are looking for ways out of the crisis

GBPUSD trading plan:

British politicians are looking for ways out of the crisis. May has already requested an extension to Britain's EU membership until June 30 and is working with the opposition Labour Party to come up with a different exit plan. This is a positive signal for the British currency. The United States has disappointed investors with negative macroeconomic statistics. In February, orders for machinery fell 0.6 percent after rising 2.1 percent in the prior month. Orders for industrial machinery declined 2.6 percent after surging 15.5 percent in January. Computers and electronic products orders fell 0.5 percent after dropping 1.9 percent in January. Manufacturing, which accounts for about 12 percent of the economy, is losing momentum.

Trading recommendation: Buy 1.3045 and take profit 1.3100.

David Johnson
Analyst of «FreshForex» company
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