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The service sector recovery remained in full

The service sector recovery remained in full | 06 July 2021

06 July 2021, GBP/USD

The service sector recovery remained in full

GBPUSD trading plan:

UK service providers reported another steep increase in business activity during June, with the speed of recovery only marginally slower than the peak seen in May. UK Services PMI Business Activity Index registered 62.4 in June. Survey respondents commented on a surge in demand for consumer services and a continued boost from looser pandemic restrictions on trade. There were also reports citing new project launches and higher levels of business investment in response to the improving economic outlook. This is a positive signal for the British currency.

Investment idea: buy 1.3875 and take profit 1.3939.

David Johnson
Analyst of «FreshForex» company
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