Forex Fundamental Analysis – Political crisis in the UK

GBPUSD – Flat

Political crisis in the UK

GBPUSD trading plan:

Political news plays an important role for the British currency. Investors every day evaluate the prospects of Brexit. The political crisis could erupt in the United Kingdom. Jeremy Corbyn (leader opposition Labour Party) and Theresa May do not want to give in to each other. Labour Party will back a new referendum on Brexit – Jeremy Corbyn said. The new referendum will not delight Brussels previously expressed sharply negative views on this topic. Britain’s Brexit minister, Steve Barclay, said there was no consensus in parliament for another referendum or even on what question might be asked.

Trading recommendation: range 1.3230 -1.3315.

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