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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 19 July 2021

19 July 2021, GBP/USD

Positive macroeconomic statistics from the United States

GBPUSD trading plan:

Positive macroeconomic statistics from the United States will have a negative impact on the value of the British currency. U.S. retail sales unexpectedly increased in June as demand for goods remained strong. Retail sales rose 0.6% last month. Data for May was revised down to show sales falling 1.7% instead of declining 1.3% as previously reported. Sales advanced 18.0% compared to June last year and are now 18.0% above their pre-pandemic level. Retail sales mostly capture the goods component of consumer spending, with services such as healthcare, education, travel and hotel accommodation making up the remaining portion.

Investment idea: sell 1.3780 and take profit 1.3740.

David Johnson
Analyst of «FreshForex» company
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