Britain wants trade negotiations to succeed | 15 September 2020

15 September 2020, GBP/USD

Britain wants trade negotiations to succeed

GBPUSD trading plan:

Britain wants trade negotiations with the European Union to succeed and is not walking away from talks, Cabinet Office minister Michael Gove said on Monday, as the government tabled a bill designed to break the Brexit divorce agreement. "What this bill is not doing, is not walking away from negotiations with the European Union...We're committed to making a success of these negotiations," Gove told lawmakers. This is a positive signal for the British currency. The rise in US inflation is negative for the dollar. The yield on short-term US Treasury bonds is within the range of the Federal Reserve discount rate of 0-0.25%, and with the growth of inflation, the negative real yield increases.

Trading recommendation: Buy 1.2830 and take profit 1.2890.

David Johnson
Analyst of «FreshForex» company
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