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British house prices rose

British house prices rose | 01 December 2020

01 December 2020, GBP/USD

British house prices rose

GBPUSD trading plan:

British house prices rose by the most in nearly six years in November, mortgage lender Nationwide said, as the country's housing market booms even while the broader economy struggles with coronavirus. In annual terms, prices rose by 6.5%, Nationwide said. Prices rose by 0.9% from October, a slight acceleration in the monthly growth pace. This is a positive signal for the British currency! The Fed will buy $6 billion in Treasury bonds today and $6.7 billion in mortgage bonds. Thus, the total volume of transactions will amount to $12.7 billion, which is twice as much as on Monday. This is a negative signal for the dollar!

Investment idea: Buy 1.3365 and take profit 1.3400.

David Johnson
Analyst of «FreshForex» company
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