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Positive macroeconomic statistics from the UK

Positive macroeconomic statistics from the UK | 18 Mei 2021

18 Mei 2021, GBP/USD

Positive macroeconomic statistics from the UK

GBPUSD trading plan:

Britain's unemployment rate unexpectedly fell again to 4.8% between January and March, a period which the country spent under a tight COVID lockdown. The data added to signs that Britain's labour market has not suffered the severe hit feared at the onset of the coronavirus pandemic, in large part due to the government's huge jobs subsidy programme. The number of people in employment jumped by 84,000 in the first quarter of 2021, the first increase since the coronavirus crisis began and a stronger increase than the median forecast of a 50,000 rise in the poll. Those classed as unemployed fell by 121,000.

Investment idea: buy 1.4165 and take profit 1.4220.

David Johnson
Analyst of «FreshForex» company
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