Good and bad news | 11 Desember 2020

11 Desember 2020, GBP/USD

Good and bad news

GBPUSD trading plan:

British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen met to try to break the deadlock, but said significant gaps remained and set a Sunday deadline to decide on their next steps. This is a negative signal for the pound. A bullish rally in the oil market will have a positive impact on the British currency, as assets are correlated with each other. Brent rise above $50 for the first time since March, as Covid-19 vaccination rollouts kept hopes alive that demand for crude would build up next year.

Investment idea: range 1.3295 -1.3365.

David Johnson
Analyst of «FreshForex» company
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