Forex Fundamental Analysis – Buy oil and pound sterling


Buy oil and pound sterling

GBPUSD trading plan:

U.K. voted in favor of requesting a delay to Brexit beyond March 29 by a vote of 412 to 202. EU leaders will be meeting on March 21 to discuss whether to grant the U.K. an extension to Brexit. Investors expected this outcome. This event is taken into account in the current quotes. Now there is no reason for the growth of the British currency. The upward trend in the oil market will have a positive impact on the value of the British currency today. BRENT can test the psychological level of 70$/barrel. Buy oil and pound sterling!

Trading recommendation: Buy 1.3218 and take profit 1.3265.

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