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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 12 July 2021

12 July 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

British goods exports to the European Union rose to their highest since October 2019 in May. Britain's Office for National Statistics said goods exports to the European Union, excluding precious metals, rose to 14.0 billion pounds in May on a seasonally adjusted basis. British exports outside the EU increased by 8%, while those to the EU rose by 5%. Britain's government is likely to view the data as backing its expectation that the change in customs arrangements would only cause temporary inconvenience to most businesses. This is a positive signal for the British currency!

Investment idea: buy 1.3855 and take profit 1.3911.

David Johnson
Analyst of «FreshForex» company
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