FX.co ★ Trading plan 10.12.2018

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.