Positive macroeconomic statistics from the UK | 15 Marzo 2022

15 Marzo 2022, GBP/USD

GBPUSD trading plan:

Britain's unemployment rate fell below its pre-pandemic rate in the three months to January. The number of job vacancies hit a fresh record high in the three months to February at 1.318 million, underscoring the labour shortage facing many employers. Average earnings in the three months to January were 4.8% higher than a year earlier. Although British economic output is now slightly higher than before the pandemic, its labour force has shrunk - largely due to workers aged 50 and over dropping out, often to retire early. British finance minister Rishi Sunak said he was confident that the labour market was "in a good position to deal with the current global challenges" with redundancies at record lows.

Investment idea: buy 1.3002 and take profit 1.3055.


The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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