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Britain's economy was starting

Britain's economy was starting | 20 Juli 2020

20 Juli 2020, GBP/USD

GBPUSD trading plan:

Britain's economy was starting to recover from its COVID-19 lockdown but some job-intense sectors remained weak and the longer-term outlook was unclear Bank of England Governor Andrew Bailey said. "We don't yet know the full story of this," he said, in response to a question about whether he shared the view of BoE Chief Economist Andy Haldane that the economy looked like it would have a swift V-shaped recovery. "We are seeing activity return. We are beginning to see this recovery," Bailey said. This is a positive signal for the British currency.

Trading recommendation: Buy 1.2525 and take profit 1.2590.

David Johnson
Analyst of «FreshForex» company
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