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Positive macroeconomic statistics from the United Kingdom

Positive macroeconomic statistics from the United Kingdom | 13 Agosto 2019

13 Agosto 2019, GBP/USD

Positive macroeconomic statistics from the United Kingdom

GBPUSD trading plan:

Investors are not afraid of a recession in the United Kingdom! Traders were actively buying British assets at the beginning of the new trading week. The UK will publish a labor market release today. Investors are expected an increase in wages by 3.7%. This is a positive factor for the United Kingdom economy. The increase in household income will have a positive impact on consumer spending. Consumer spending is the basis of the economy of Great Britain. The publication of negative macroeconomic statistics from the United States on inflation will provide additional support to the British currency.

Trading recommendation: Buy 1.2040 and take profit 1.2091.

David Johnson
Analyst of «FreshForex» company
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