Positive macroeconomic statistics from the UK | 16 سبتمبر 2021

16 سبتمبر 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.


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.
David Johnson
Analyst of «FreshForex» company
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