Positive macroeconomic statistics from the UK | 25 Maret 2020
25 Maret 2020, GBP/USD
GBPUSD trading plan:
Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. CPI fell to 1.7% in February from 1.8% in January. British consumer price inflation slipped back in February from a six-month high it had reached the month before, reflecting a drop in the cost of fuel and video games that predated the massive current impact of coronavirus on the economy. Additional support for the British currency will be provided by the positive dynamics of the oil market. GBPUSD and BRENT correlate with each other.
Trading recommendation: Buy 1.1880 and take profit 1.1930.
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.
