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Trade agreement between the EU and the UK

Trade agreement between the EU and the UK | 14 April 2021

14 April 2021, GBP/USD

Trade agreement between the EU and the UK

GBPUSD trading plan:

The European Parliament gave the go-ahead on Tuesday for two key committees to vote this week on the EU-UK trade deal, but deferred a decision on whether the full parliament will give its assent later this month. Ratification by the parliament is the final step in clearing the trade and cooperation agreement struck between Britain and the European Union in December. It has until the end of April to do so. This is a positive signal for the British currency! An uptrend in the oil market will provide additional support for the pound, as the assets are correlated with each other.

Investment idea: buy 1.3733 and take profit 1.3800.

David Johnson
Analyst of «FreshForex» company
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