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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 24 Junio 2020

24 Junio 2020, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. The IHS Markit/CIPS flash composite Purchasing Managers' Index, which measures activity in the services sector and manufacturing, jumped to 47.6 in June from 30.0 in May. "June's PMI data add to signs that the economy looks likely to return to growth in the third quarter, especially given the further planned easing of the lockdown from 4th July," IHS Markit economist Chris Williamson said. Prime Minister Boris Johnson is expected to announce a reduction in social distancing rules to one meter from two. This is a positive signal for the British economy!

Trading recommendation: Buy 1.2490 and take profit 1.2550.

David Johnson
Analyst of «FreshForex» company
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