Positive macroeconomic statistics from the UK

14 August 2019, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK on the labor market signals the up of the consumer price index. Average weekly earnings rose by an annual 3.7% in the three months to June - the highest rate since June 2008 and up from 3.5% in May. Excluding volatile bonuses, annual pay growth reached 3.9% - also an 11-year high. Britain created a net 115000 jobs in the second quarter, the Office for National Statistics said, almost twice the gain forecast and taking the level of employment to a record 32.811 million. This is a positive signal for the British currency!

Trading recommendation: Buy 1.2039 and take profit 1.2088.

David Johnson
Analyst of «FreshForex» company
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