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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 11 September 2019

11 September 2019, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Positive macroeconomic statistics from the UK will have a positive impact on the value of the British currency. The unemployment rate fell to 3.8%, back to its joint lowest since the three months to January 1975. The Office for National Statistics said total earnings growth, including bonuses, rose by an annual 4.0% in the three months to July, up from 3.8% in the three months to June for its strongest increase since mid-2008. High incomes equal high expenditures. This is factor signals a rise in inflation expectations. Pay growth is watched closely by the Bank of England to gauge future inflation pressures.

Trading recommendation: Buy 1.2345 and take profit 1.2390.

David Johnson
Analyst of «FreshForex» company
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