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Main » 2019 » September » 3 » Foreign exchange market to earn? Trading ideas today 09.03.2019 - Pound on the threshold of a new historical low!
10:36
Foreign exchange market to earn? Trading ideas today 09.03.2019 - Pound on the threshold of a new historical low!

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The British currency during the Asian session on Tuesday reached a 32-month low against the dollar, millet to the level of 1.1992. The GBPUSD remains under pressure from weak macroeconomic statistics, as well as political uncertainty, growth in England. According to data released yesterday by manufacturing activity in the UK sector slowed to 7-year low, suggesting the recession, which is characteristic for the entire global manufacturing industry.

 

 

AMarkets

 

 

The situation is exacerbated by the greatly increased risk of a hard Brexit. On the eve of Prime Minister Boris Johnson in his televised address he criticized MPs who want to thwart his plans to bring the country out of the EU. Johnson urged lawmakers not to support "another mindless reprieve» Brexit. Recall, the UK out of the EU postponed twice already and are currently scheduled for October 31.


It is worth noting that the Government Johnson voiced quite a tough position, saying that the adoption of the law on the transfer of Brexit will insist on early elections on 14 October. This statement was meant rebellious MPs within the ruling Conservative Party and needs to persuade them not to support the opposition in ensuring the orderly exit of Great Britain from the EU, with the obligatory conclusion of a trade agreement between the parties. Parliament to vote on Brexit prevent without transaction will take place today. In that case, if it fails, early elections are inevitable. In this scenario, the GBPUSD risking renewed its historical minimum and fixed below 1.19.


GBPUSD SellLimit 1,2050 TP 1,18 SL 1,2110


Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev trader analyst AMarkets. Traders community is not responsible for any losses in the case of the review of materials

 

 

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