25 Juni 2020, GBP/USD
GBPUSD trading plan:
The COVID-19 has infected around 0.306 million people in the UK and Britain has the highest related death toll in Europe, despite a government-imposed lockdown that forced businesses to close their doors and citizens to stay home. Britain's economy is shrinking at its fastest pace in centuries as the devastation wrought by the COVID-19 pandemic saps demand. Although the number of cases reported daily is dropping in Britain, a second wave of coronavirus infections was given as the biggest threat to the economic outlook. Britain's transition period after leaving the European Union is due to expire at the end of December, and despite the havoc caused by the COVID-19 pandemic, Britain has repeatedly said it would not ask for an extension. This is a negative signal for the British economy.
Trading recommendation: Sell 1.2435 and take profit 1.2405.
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