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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 21 July 2020

21 July 2020, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

IHS Markit said its monthly Household Finance Index rose to 41.5 in July from 40.7 in June, though it is below its level in March before the economy went into lockdown to slow the spread of COVID-19, which has killed over 45,000 people in Britain. "The phased reopening across parts of the UK economy appears to have been a factor supporting household finances in July," IHS Markit said, after households reported a slight improvement in their incomes and amount of work. This is a positive signal for the British currency!

Trading recommendation: Buy 1.2665 and take profit 1.2706.

David Johnson
Analyst of «FreshForex» company
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