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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 15 March 2021

15 March 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Britain's economy shrank by less than feared in January when the country went back into a coronavirus lockdown. Gross domestic product was 2.9% lower than in December, the Office for National Statistics said. The government bond prices fell as investors took the data as a sign that the Bank of England was less likely to pump more stimuli into the economy. Britain suffered its worst economic slump in three centuries last year when it shrank by 10%, but the country is racing ahead with vaccinations. Prime Minister Boris Johnson plans to ease England's coronavirus restrictions gradually before lifting most of them by late June.

Investment idea: buy 1.3865 and take profit 1.3945.

David Johnson
Analyst of «FreshForex» company
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