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The positive signal for the United Kingdom economy

The positive signal for the United Kingdom economy | 19 Abril 2019

19 Abril 2019, GBP/USD

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. Retail sales volumes surged by the most in nearly two-and-a-half years in annual terms, leaping by 6.7 percent. In the first three months of 2019, a smoother reading of spending patterns, sales grew by 1.6 percent compared with the previous three months, the strongest increase since August 2018. Falling inflation, rising wages and the lowest unemployment since 1975 have boosted household incomes. British consumers were able to increase their spending. This is a positive signal for the United Kingdom economy.

Trading recommendation: Buy 1.2990 and take profit 1.3025.

David Johnson
Analyst of «FreshForex» company
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