23 Maret 2020, GBP/USD
GBPUSD trading plan:
Britain's government will allow businesses to hold on to 30 billion pounds of value-added tax, which they would normally pass on to tax authorities over the next three months, in order to help their cash flow while they are hit by COVID-19. "That is a direct injection of over 30 billion pounds of cash to businesses, equivalent to 1.5% of GDP," Rishi Sunak said at a news conference to announce measures to support the economy. This is positive news for the British currency! The Trump administration plans to send a special energy envoy to Saudi Arabia to work with the kingdom on stabilizing the global oil market. Good news for the oil market and the British currency!
Trading recommendation: Buy 1.1615 and take profit 1.1700.