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Geopolitical tensions

Geopolitical tensions | 26 Juli 2019

26 Juli 2019, GBP/USD

GBPUSD trading plan:

Geopolitical tensions are forcing investors to sell the British currency. Boris Johnson told European Commission President Jean-Claude Juncker that the U.K.’s Withdrawal Agreement with the EU would have to change for it to pass Parliament, according to his office’s account of the phone conversation between the two Thursday. Juncker said it was the best and only deal possible. Johnson said the EU would have to “rethink their current refusal” to reopen talks on the agreement that May reached, and that Parliament has rejected three times. The British currency is trading in the range 1.24 -1.25 and we're seeing no reason to change the trend.

Trading recommendation: range 1.2400 -1.2500.

David Johnson
Analyst of «FreshForex» company
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