Income growth is a positive factor for GDP

12 June 2019, GBP/USD

Income growth is a positive factor for GDP

GBPUSD trading plan:

Investors buy’s the British currency after the publication of a positive release on the UK labor market. British wages in the three months to April grew faster than expected and hiring slowed less sharply, as the jobless rate held at its lowest rate since 1975. Total earnings growth, including bonuses, rose by an annual 3.1% in the three months to April. The BoE last month said it expected wage growth of 3% at the end of this year. Income growth is a positive factor for GDP. We are expecting the growth of the British currency today.

Trading recommendation: Buy 1.2715 and take profit 1.2765.

David Johnson
Analyst of «FreshForex» company
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