Large-scale vaccination in the UK | 22 March 2021

22 March 2021, GBP/USD

GBPUSD trading plan:

Half of all adults in Britain have now received at least one COVID-19 vaccine dose, becoming the world's first major economy to hit that milestone. "The vaccine is a national success story and our way out of this pandemic," said Hancock, adding that he was "delighted". British Prime Minister Boris Johnson got his first vaccine dose on Friday, receiving AstraZeneca. Distributed by the state-run health service, Britain's vaccine roll-out has got off to a blistering start. The MPC’s central projections in the February Monetary Policy Report assumed that Covid-related restrictions and people’s health concerns would weigh on activity in the near term, but that the vaccination programme would lead to those easing, such that UK GDP was projected to recover strongly over 2021 towards pre-Covid levels. This is a positive signal for the British economy!

Investment idea: buy 1.3840 and take profit 1.3925

David Johnson
Analyst of «FreshForex» company
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