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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 27 March 2019

27 March 2019, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

Negative macroeconomic statistics from the United States will have a positive impact on the value of the British currency. Housing starts decreased 8.7 percent to a seasonally adjusted annual rate of 1.162 million units last month, the Commerce Department said. The percent decline was the largest in eight months. The housing market hit a soft patch last year, squeezed by higher mortgage rates, pricier lumber, and land and labor shortages, which led to tight inventories and more expensive homes. The run-up in interest rates last year did some real damage.

Trading recommendation: Buy 1.3170 and take profit 1.3215.

David Johnson
Analyst of «FreshForex» company
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