Forex Fundamental Analysis – Positive news for the pound


GBPUSD trading plan:

The U.S. goods trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports. The report, which added to weak December data on retail sales and housing starts, could prompt investors to cut fourth-quarter GDP estimates. The goods trade deficit jumped 12.8 percent to $79.5 billion. This is a negative signal for the U.S. dollar! Political leaders of Germany and France are ready to give the UK a respite on Brexit. The Prime Minister of the United Kingdom wants to get a new trade deal with Brussels. This is a positive signal for the British currency!

Trading recommendation: Buy 1.3280 and take profit 1.3330.

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