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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 19 February 2021

19 February 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. homebuilding fell more than expected in January amid soaring lumber prices. Softwood lumber prices jumped a record 73% on a year-on-year basis in January, according to data from the Labor Department. Housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.580 million units last month, the Commerce Department said. Single-family homebuilding, the largest share of the housing market, tumbled 12.2% to a seasonally adjusted annual rate of 1.162 million units.

Investment idea: Buy 1.3960 and take profit 1.4001.

David Johnson
Analyst of «FreshForex» company
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