Trading plan 10.12.2018
Overall picture: the pound is in the spotlight.
On Tuesday, December 11, the markets are waiting for a decisive vote in the British Parliament on the EU-British agreement on Brexit terms.
The agreement has already been signed by the EU and British Prime Minister Theresa May - but must be approved by Parliament. At the same time, the opposition to the agreement in Parliament is very strong - and not the fact that the agreement will be approved.
In case of failure of the agreement - the resignation of the May government is very likely - and new elections are quite likely - and possibly a new Brexit referendum.
The failure of the agreement will cause a strong blow to the British economy - and the pound.
Another option is to postpone the vote, but this could worsen the situation for Prime Minister May.
In addition, on Thursday - an important decision of the ECB on monetary policy: will it be said about the ECB rate hike?
Pound:
We are ready to buy from 1.2820.
We are ready to sell from 1.1650.
The material has been provided by InstaForex Company -
www.instaforex.com