Positive macroeconomic statistics | 19 Juli 2019

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. Retail sales volumes jumped 3.8% compared with June 2018, the Office for National Statistics said. The large volume of sales signals high economic growth in the United Kingdom. Large retail sales signal an increase in the consumer price index. The Bank of England will not reduce interest rates in the next few months. Additional support for the British currency will be provided by the oil market - investors are increasing their long positions in black gold.

Trading recommendation: Buy 1.2519 and take profit 1.2579.