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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 11 August 2020

11 August 2020, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK and signals an increase in the quotes of the British currency. The unemployment rate unexpectedly held at 3.9% but that reflected an increase in people who had given up looking for work and who were therefore not considered to be unemployed, and people who said they were in work but were getting no pay. Investors had expected the unemployment rate to rise to 4.2%. Last week the Bank of England forecast the jobless rate would hit 7.5% at the end of this year.

Trading recommendation: Buy 1.3080 and take profit 1.3135.

David Johnson
Analyst of «FreshForex» company
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