Forex $1 MM Challenge – Trade #9 (4-9-19) Bought GBP/AUD

British Pound and the Australian Dollar have been two of the best-performing currencies in 2019. 

Along with commodities, the Aussie is trying to stage a come back after declining 8% in 2018.  A US-China trade deal will surely send the Aussie higher, but if no deal is reached, be sure the Aussie will go lower.  

There is discussion that European Council President Donald Tusk will this week propose to European leaders they offer the UK a 12-month “flexible” Brexit delay.  If the proposal is granted, a “no deal” Brexit is back off the table and the British Pound should rise.

These

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