Gross domestic product in June was encouraging | 12 Agosto 2020

GBPUSD trading plan:

Britain's economy shrank by a record 20.4% between April and June when the COVID-19 lockdown was tightest, the largest contraction reported by any major economy so far, with a wave of job losses set to hit later in 2020. Britain has suffered Europe's highest death toll, with more than 50,000 deaths linked to the disease between March 1 and June 30, according to the ONS. British finance minister Rishi Sunak said growth of 8.7% in gross domestic product in June was encouraging, even as official data showed the economy contracted by 20.4% in the second quarter as a whole.

Trading recommendation: Buy 1.3030 and take profit 1.3080.