Positive macroeconomic statistics from the United Kingdom | 17 July 2019

17 July 2019, GBP/USD

GBPUSD trading plan:

Positive macroeconomic statistics from the United Kingdom will have a positive impact on the value of the British currency. British wages, excluding bonuses, rose at their fastest pace in nearly 11 years, official data - core earnings rose by an annual 3.6% in the three months to May. Unemployment held at its joint lowest rate since the three months to January 1975, forcing many employers to offer higher pay to their workers whose spending has helped the economy. A strong labor market signals an increase in the consumer price index. The Bank of England will not lower interest rates. This is a positive signal for the British currency!

Trading recommendation: Buy 1.2380 and take profit 1.2433.

David Johnson
Analyst of «FreshForex» company
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