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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 17 March 2021

17 March 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. retail sales fell more than expected in February amid bitterly cold weather across the country. Retail sales dropped by 3.0% last month, the Commerce Department said. Unseasonably cold weather gripped the country in February, with deadly snow storms lashing Texas. The decline in sales last month also reflected the fading boost from one-time $600 checks to households, which were part of nearly $900 billion in additional fiscal stimulus approved in late December, as well as delayed tax refunds. Negative macroeconomic statistics from the United States will have a positive impact on the value of the British currency.

Investment idea: buy 1.3889 and take profit 1.3948

David Johnson
Analyst of «FreshForex» company
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