Negative macroeconomic statistics from the United States | 24 июля 2019

24 июля 2019, GBP/USD

Negative macroeconomic statistics from the United States

GBPUSD trading plan:

The conservative party of the United Kingdom approved B. Johnson as Prime-Minister. Boris Johnson has pledged to leave the EU with or without a deal on Oct. 31. Beyond those issues, Trump and Johnson will have to hammer out a U.S.-Britain free trade agreement seen as crucial to help Britain's post-Brexit economy. Negative macroeconomic statistics from the United States will have a positive impact on the value of the British currency. The National Association of Realtors said on Tuesday existing home sales dropped 1.7% to a seasonally adjusted annual rate of 5.27 million units last month. Housing and manufacturing are the main areas of weakness in the economy.

Trading recommendation: Buy 1.2410 and take profit 1.2460.

David Johnson
Analyst of «FreshForex» company
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