19 January 2021, GBP/USD
GBPUSD trading plan:
China's economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape. National Bureau of Statistics data showed that industrial production grew 7.3% year-on-year in December. It also showed that GDP rose 6.5% year-on-year in the fourth quarter but grew 2.6% quarter-on-quarter. "We will have a good grip over the pace, intensity and effectiveness of macro policies to make sure the economic recovery remains stable and avoid a policy cliff," Yan Pengcheng, director of General Office at the National Development and Reform Commission, told reporters in an online briefing. This is a positive signal for the British currency!
Investment idea: Buy 1.3580 and take profit 1.3645.
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