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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 15 March 2022

15 March 2022, GBP/USD

GBPUSD trading plan:

Britain's unemployment rate fell below its pre-pandemic rate in the three months to January. The number of job vacancies hit a fresh record high in the three months to February at 1.318 million, underscoring the labour shortage facing many employers. Average earnings in the three months to January were 4.8% higher than a year earlier. Although British economic output is now slightly higher than before the pandemic, its labour force has shrunk - largely due to workers aged 50 and over dropping out, often to retire early. British finance minister Rishi Sunak said he was confident that the labour market was "in a good position to deal with the current global challenges" with redundancies at record lows.

Investment idea: buy 1.3002 and take profit 1.3055.

David Johnson
Analyst of «FreshForex» company
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