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Negative macroeconomic statistics from the UK

Negative macroeconomic statistics from the UK | 18 April 2019

18 April 2019, GBP/USD

Negative macroeconomic statistics from the UK

GBPUSD trading plan:

Negative macroeconomic statistics from the UK will have a negative impact on the value of the British currency. The ONS said consumer prices rose at an annual rate of 1.9 percent in March, the same rate as in February. A Bloomberg poll of economists had pointed to a rate of 2.0 percent. The report disappointed traders. British house prices rose at the weakest rate in six-and-a-half years in February, dragged down by London's biggest price slump in a decade as BREXIT uncertainty sent chills through the property market. BoE have said they want to see firm evidence of domestic inflation pressure - chiefly from rising wages - building before they vote to raise rates. This is a negative signal for the British currency!

Trading recommendation: Sell 1.3060 and take profit 1.3020.

David Johnson
Analyst of «FreshForex» company
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