Weekly prime decide from Mitsubishi UFG

Weekly top pick from Mitsubishi UFG

MUFG recommends promoting GBP/USD (spot at 1.2927) with a goal of 1.2630 and a cease at 1.3180.

“We’re recommending a brief tactical GBP/USD commerce concept to mirror greater Brexit dangers within the week forward after the EU leaders summit did not make progress on a commerce deal,” MUFG notes.

“The outlook for the UK economic system is darkening heading into yr finish which may encourage the BoE to ship extra stimulus subsequent month,” they add.

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