Trade agreement between the US and the UK | 12 November 2020

12 November 2020, GBP/USD

Trade agreement between the US and the UK

GBPUSD trading plan:

Irish Prime Minister Micheal Martin said that U.S. President-elect Joe Biden wanted a Brexit trade deal to be clinched with the European Union so British Prime Minister Boris Johnson should knuckle down and strike an agreement. Biden's win in the U.S. presidential election has changed the international context of Brexit: The United Kingdom's most powerful ally will now be led by a man who favours a Brexit deal and relishes his Irish heritage. "I actually believe that Boris Johnson wants a deal. I think his gut instinct would favour a deal. The politics of what is happening within Britain is something that may influence issues," Martin said. This is a positive signal for the British currency!

Trading recommendation: Buy 1.3160 and take profit 1.3210

David Johnson
Analyst of «FreshForex» company
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