GBP/USD: forecast for Oct. 16-20

There was a report in Germany’s newspaper that the European Union could offer Britain a 2-year transitional Brexit deal if London agreed to settle its financial obligations with the bloc. The pound will remain sensitive to Brexit-related headlines, which will come from the EU summit next week. Trading will likely remain volatile. For the pound to be able to remain at the current levels, more certainty about Brexit deal is necessary.


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Trading plan for February 18

The market will be mostly driven by the risk-on sentiment after the positive news on trade negotiations between the US and China. Let’s consider the key levels for AUD/USD and AUD/NZD.

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