Positive macroeconomic statistics from the UK | 22 Januari 2020

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. British job growth was the strongest in nearly a year in the three months to November. The Office for National Statistics said the strong jobs growth reflected a particularly weak three-month period to August when jobs fell, but the data also showed the employment rate hit a record high of 76.3% and jobs growth was driven by hiring as well as self-employment. The Office for National Statistics said total earnings growth, including bonuses, rose by an annual 3.2%, the same pace as in the three months to October.

Trading recommendation: Buy 1.3035 and take profit 1.3065.