Positive macroeconomic statistics from the UK | 11 أغسطس 2020
11 أغسطس 2020, GBP/USD
GBPUSD trading plan:
Positive macroeconomic statistics from the UK and signals an increase in the quotes of the British currency. The unemployment rate unexpectedly held at 3.9% but that reflected an increase in people who had given up looking for work and who were therefore not considered to be unemployed, and people who said they were in work but were getting no pay. Investors had expected the unemployment rate to rise to 4.2%. Last week the Bank of England forecast the jobless rate would hit 7.5% at the end of this year.
Trading recommendation: Buy 1.3080 and take profit 1.3135.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
