Positive macroeconomic statistics from the UK | 20 March 2019

20 March 2019, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. The jobless rate unexpectedly fell to 3.9% in the three months to January, its lowest level since January 1975, while the number of people in work rose 222,000, its largest increase since 2015. Average earnings, excluding bonuses, continued to rise at their fastest pace since the financial crisis over 10 years ago, jumping 3.4% in the three months to January. This process will contribute to inflation in the United Kingdom. This is a positive signal for the British currency!

Trading recommendation: Buy 1.3244 and take profit 1.3305.

David Johnson
Analyst of «FreshForex» company
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