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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 08 July 2019

08 July 2019, GBP/USD

GBPUSD trading plan:

Positive macroeconomic statistics from the UK signals an increase in the value of the British currency. British house prices rose at the fastest annual rate since early 2017 in the three months to the end of June, mortgage lender said Halifax. The indicator increased by 5.7%. Halifax's managing director said the housing market was "displaying a reasonable degree of resilience in the face of political and economic uncertainty". The UK 2 Year-yield bonds increased by 0.05%, which is a positive factor for the pound sterling.

Trading recommendation: Buy 1.2520 and take profit 1.2556.

David Johnson
Analyst of «FreshForex» company
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