Positive macroeconomic statistics from the UK | 13 Februari 2020

13 Februari 2020, 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 pound. British house prices rose at the fastest pace in nearly three years last month: the Royal Institution of Chartered Surveyors' monthly house price index surged to +17 in January from -2 in December. The growth was driven by a turnaround in London and southeast England, which had previously underperformed due to higher property purchase taxes and the prospect of Britain leaving the European Union in a disorderly way. A bullish rally in the oil market will provide additional support for the British currency. Russia will overcome initial reservations to work on deeper output cuts with OPEC.

Trading recommendation: Buy 1.2930 and take profit 1.2960

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1) Fund the account on $100 or more from February 4 to February 29, 2020.

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Make a strong strategic move!

David Johnson
Analyst of «FreshForex» company
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