Macro Currency Strength Meter GBPUSD Volatile?

Updated: Jun 27


UK public finances hit record monthly surplus due to strong income tax revenue - Reuters

Over the past week the GBP has actually started to gain some traction over the USD. The strong fundamentals recently released are now promising for the UK. " Britain ran a budget surplus of 14.895 billion pounds in January, the highest since monthly records began in 1993".


This suggests how UK companies, businesses and individuals are paying more tax because they are earning more. Reasons why this is good for the UK economy: increased spending which directly affects GDP, reduced government deficit now they can increase government expenditure if required and potentially an increase in employment as companies deal with more demand.


This can be seen in the GBPUSD price chart as the GBP picks up traction, could we see it reach the likes of 1.32163? More to come.


A disruptive no-deal Brexit may actually put the GBP in a great place to short against the USD and other safer currencies.


Get full access to the Macro Currency Strength Meter after completing the webinar and performance call.

Do you want better trades?

Hey, we're Logikfx. We're determined to make consistent trading a reality for all. Get email notifications of all our up-coming trade ideas and much more. The question is, are you ready?

 LEARN TO TRADE 

 COMPANY 

Logikfx.com simplifies complex financial trading information and processes, so anyone can have complete confidence with their Forex or Stocks portfolio.

 

Learn to trade through online videos, articles, webinars, and workshops. The Logikfx Portal has everything you need to build yourself a long-term trading plan.

Recognition

Nominated as ‘Best New Forex Education & Training UK 2020’ - by Global Banking and Finance Review

Macro Currency Strength Meter ranked as 'best automation tool for retail traders' - by E-Forex Magazine

©2017 - 2020 Logik Fx Ltd

1/1

Headquarters

Logikfx

The Colmore Building, 

20 Colmore Circus Queensway, 

Birmingham 

B4 6AT 

United Kingdom

Business Hours

Mon - Fri: 8am to 11pm

Sat: 6am to 11am

Sun: Closed

Disclaimer

Trading in securities can lead to significant losses, that may exceed your initial investment. You should seek advice from a licensed professional to determine if trading is for you. Logik Fx Limited is not an investment advisor. Further, owners, employees, agents or representatives of Logik Fx Limited are not acting as investment advisors. All persons and entities (including their representatives, agents, and affiliates) contributing to the content on this website are not providing investment or legal advice. Nor are they making recommendations with respect to the advisability of investing in, purchasing or selling securities, nor are they rendering any advice on the basis of the specific investment situation of any particular person or entity.

 

All information on this website is strictly informational and is not to be construed as advocating, promoting or advertising registered or unregistered investments of any kind whatsoever. All of the information on this website is for educational purposes only and is not to be construed as investment or trading advice. ​For the full disclaimer click here.