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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 25 March 2020

25 March 2020, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. CPI fell to 1.7% in February from 1.8% in January. British consumer price inflation slipped back in February from a six-month high it had reached the month before, reflecting a drop in the cost of fuel and video games that predated the massive current impact of coronavirus on the economy. Additional support for the British currency will be provided by the positive dynamics of the oil market. GBPUSD and BRENT correlate with each other.

Trading recommendation: Buy 1.1880 and take profit 1.1930.

David Johnson
Analyst of «FreshForex» company
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