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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 26 May 2021

26 May 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Britain's massive public borrowing began to head downwards last month for the first time since the start of the COVID-19 pandemic, bolstered by a brightening economic outlook. Public sector net borrowing in April totaled 31.7 billion pounds, official figures showed on Tuesday, down from a record 47.3 billion pounds a year earlier when the government finances felt the greatest impact of the pandemic. The government's financial position isn't as bad as the Office for Budget Responsibility predicted only two months ago. After the data, finance minister Rishi Sunak reiterated his plan "to keep the public finances on a sustainable footing by bringing debt under control over the medium term", while supporting short-term growth.

Investment idea: buy 1.4135 and take profit 1.4206.

David Johnson
Analyst of «FreshForex» company
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