United Kingdom is far from reaching a trade deal with the European Union, moreover the UK government has announced it will publish today a proposal for domestic legislation that revokes the “political declaration” on international obligations with respect to Norther Ireland border signed with the EU a year ago. The EU accounts for nearly 50% of UK’s foreign trade. The uncertainty about a trade deal with EU weighs on British Pound. UK Prime Minister Boris Johnson threatened to abandon the talks if no deal is struck by October 15. The downside risk of the prospect of no deal with the EU clearly outweigh recent positive UK reports such as better than expected nationwide housing prices rebound in August, as well as accelerating expansion in private sector activities as evidenced by better than expected Composite PMI report by Markit.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Buy | |
| Fractals | Neutral | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.2981 |
| Stop loss | Above 1.3481 |
Market Analysis provided by IFCMarkets.com
By JustMarkets On Wednesday, the U.S. stock market declined. By the end of the day,…
By Brian Jay Tang, University of Michigan and Kang G. Shin, University of Michigan Hundreds…
Belize City, Belize, April 29, 2026 – Financial broker RoboForex has expanded its CFD offering with…
By Maximilian Brichta, University of Virginia Once seen as often dry and sometimes intimidating, personal…
By JustMarkets On Tuesday, the US stock market declined. By the end of the day,…
By Analytical Department RoboForex EUR/USD is slightly lower on Wednesday, trading with minimal movement around…
This website uses cookies.