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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 19 February 2020

19 February 2020, GBP/USD

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the pound. The number of people in work jumped by 180,000 to 32.934. Full-time employment accounted for most of the growth while self-employment also rose strongly, the Office for National Statistics data showed. The number of people out of work dropped by 16,000 to 1.290 million, the ONS data showed. In another sign of confidence among employers about their hiring intentions, vacancies in the three months to January rose to 810,000, their highest since the three months to September 2019. This is a positive signal for the British economy!

Trading recommendation: Buy 1.2985 and take profit 1.3030.

David Johnson
Analyst of «FreshForex» company
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