Positive macroeconomic statistics from the UK | 23 اكتوبر 2020

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. The volume of goods sold in stores and online gained 1.5% from August, the Office for National Statistics said Friday, beating economists estimates for a reading of 0.2%. Sales were 17.4% higher in the third quarter following a lockdown-induced slump in the previous period. Retail sales in September were 5.5% higher than in February, before the pandemic struck. They were led by home improvement items and garden centers. Grocery stores also saw an increase, while clothing sales dropped.

Trading recommendation: Buy 1.3080 and take profit 1.3135.