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Negative macroeconomic statistics from the United States

Negative macroeconomic statistics from the United States | 11 August 2021

11 August 2021, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

U.S. worker productivity growth slowed in the second quarter and labor costs were far weaker than previously estimated in the first quarter, the U.S. Labor Department said. Nonfarm productivity, which measures hourly output per worker, increased at a 2.3% annualized rate last quarter. Data for the first quarter was revised lower to show productivity rising at a 4.3% rate instead of the previously reported 5.4% pace. Small business owners across the United States grew less confident in the economic recovery in July as labor shortages remained an issue, according to a National Federation of Independent Business survey released.

Investment idea: buy 1.3800 and take profit 1.3850.

David Johnson
Analyst of «FreshForex» company
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