A tale of two trade disputes: GBPSGD

Author: Giles Coghlan | Category: News

Brexit vs US-China trade war 

GBPGD is not a pair I often trade, but there is a divergence setting up here which lends itself to further GBPSGD downside on a swing trade.

GBP downside on UK-EU trade concerns

SGD upside on global trade
If we have the US-China phase 1 trade deal signed then we can expect some more upside for the SGD on a more settled condition for global trade

GBPSGD pair on the daily chart 

Brexit vs US-China trade war 
What would invalidate this outlook?

Either progress for UK-EU trade or a break down in the US-China trade 1 deal this week

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