Positive macroeconomic statistics from the UK | 19 August 2020

19 August 2020, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Investors are increasing their long positions on the British currency after the publication of positive macroeconomic statistics from the UK. Annual consumer price inflation rose to 1.0% in July from 0.6% in June, the Office for National Statistics said. The ONS said July's inflation number was based on near-complete coverage of its standard basket of goods and services, after widespread unavailability of some services at the start of the lockdown. The Bank of England said earlier this month it expected inflation to turn briefly negative in the near-term, falling to -0.3% in August.

Trading recommendation: Buy 1.3140 and take profit 1.3186.

David Johnson
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus