Parliamentary election | 27 Mei 2019

27 Mei 2019, GBP/USD

Parliamentary election

GBPUSD trading plan:

Prime Minister of Great Britain said on Friday she would step down as Conservative Party leader on June 7. The opposition Labour Party said it wanted an election as soon as possible. Labour's finance spokesman John McDonnell confirmed on Saturday the party would bring a vote of no confidence in the government if it looked like it might pass. Britain's departure from the European Union could give Britain more leeway to adapt rules that are currently written in Brussels. This is a positive signal for the British currency!

Trading recommendation: Buy 1.2722 and take profit 1.2770.

David Johnson
Analyst of «FreshForex» company
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