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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 27 Enero 2020

27 Enero 2020, GBP/USD

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. The flash readings of the IHS Markit UK Purchasing Managers' Index indicated that British services resumed growing in January for the first time since August. Markit data corroborated earlier signs that uncertainty among businesses and consumers has been tempered by Prime Minister Boris Johnson's election victory last month. The composite PMI, which combines manufacturing and services indexes, rose to 52.4 from 49.3, the highest reading since September 2018. This is a positive signal for the British economy!

Trading recommendation: Buy 1.3055 and take profit 1.3085.

David Johnson
Analyst of «FreshForex» company
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