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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 16 September 2021

16 September 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

The Consumer Prices Index rose by 3.2% in the 12 months to August 2021, up from 2.0% in July: the increase of 1.2 percentage points is the largest ever recorded increase in the CPI National Statistic 12-month inflation rate series, which began in January 1997; this is likely to be a temporary change. The largest upward contribution to change is a base effect, because, in part, of discounted restaurant and café prices in August 2020 resulting from the government's Eat Out to Help Out scheme and, to a lesser extent, reductions in Value Added Tax across the same sector.

Investment idea: buy 1.3800 and take profit 1.3909.

David Johnson
Analyst of «FreshForex» company
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