The bullish rally on the British currency | 18 Juli 2019

18 Juli 2019, GBP/USD

The bullish rally on the British currency

GBPUSD trading plan:

We are expecting a bullish rally on the British currency today. The UK can please investors with a positive release on retail sales for June. This indicator is correlated with the labor market. British wages, excluding bonuses, rose at their fastest pace in nearly 11 years, official data - core earnings rose by an annual 3.6% in the three months to May. We are expecting the data to be published better than the consensus forecast. This is a positive signal for the British currency!

Trading recommendation: Buy 1.2420 and take profit 1.2477.

David Johnson
Analyst of «FreshForex» company
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