Welcome trading legends,
In this post,we’ll be trading the GBP/USD asset using the signals provided by the Tools Trades website and the IQ Option broker. Be sure to stick to the end of the video as I’ll be sharing a special promo code with you.
Allow me to explain why I’m trading this particular asset.
The increasing likelihood of a no-deal Brexit outcome could drastically undermine the politically-sensitive British Pound in the coming days, as negotiators from both sides scramble to get a deal across the line before the EU summit on December 10.
Talks fell apart late last week after UK chief negotiator David Frost and his European counterpart Michel Barnier released a joint statement, citing “significant divergences on level playing field, governance, and fisheries” as major factors preventing an agreement from being met.
These three issues have been a consistent stumbling block for negotiations and it seems relatively unlikely that, at this stage of the game, either side will compromise.
After all, French European Affairs Minister Clement Beaune has warned that “if there was an agreement and it was not good, we would oppose it with a right of veto”, adding that “I still hope that we can have an agreement, but we will not accept a bad deal for France”.
Moreover, French President Emmanuel Macron has reportedly lobbied the EU to push negotiations past the year-end deadline to pressure the UK to concede ground on several key issues.
That in mind, it appears that the prospect of Britain tumbling out of the EU without a ratified free-trade agreement is becoming more likely by the day, with Irish Prime Minister Micheal Martin stating that “things are on a knife-edge here and it is serious”.
Therefore, the British Pound could be at risk of significant losses in the near term, if the call between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen later today fails to show any signs of meaningful progress towards a deal.
As you can see the signals from the Tools Trades website have worked!
The promo code that you see on the screen will give you more trading signals if you use them on the Tools Trades website.
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