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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 15 December 2021

15 December 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

The U.K. labor market continued to improve in October after the end of the government's furlough scheme. Employment rose by 149,000 in the three months through October, relative to the previous three months, according to figures released by the Office for National Statistics. That was less than the 228,000 expected. The number of those claiming jobless benefits fell by 49,800 in November, after a smaller decline of 14,900 in October. The U.K. employment rate was up 0.2% on the previous quarter and just 1.1% shy of its rate before the Covid pandemic hit. Unemployment was estimated by the ONS at 4.2% of the workforce for the period, 0.4% lower than the previous quarter’s figures. Total hours worked in the economy were also up but remain below pre-coronavirus levels.

Investment idea: buy 1.3223 and take profit 1.3271.

David Johnson
Analyst of «FreshForex» company
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