12 April 2021, GBP/USD
GBPUSD trading plan:
British house prices surged last month, mortgage lender Halifax said. In annual terms, prices rose 6.5%, the strongest reading in four months and taking the average house price to a record high 254,606 pounds ($348,683), Halifax said. The housing market is an important source of consumer wealth and collateral for small business investment. This is a further sign that finance minister Rishi Sunak's decision to extend a property purchase tax cut has again pumped up the housing market. Sunak extended his COVID-19 emergency cut to a property purchase tax, known as stamp duty, while Britain's economy remained under the strain of social-distancing restrictions. He also announced a new mortgage guarantee scheme for first-time buyers who cannot afford large deposits.
Investment idea: buy 1.3680 and take profit 1.3770.
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