Sell on a level breakthrough of 1.4244 with 1.4150 target. Stop loss = 1.4300.
Reason for the trading strategy
The UK unemployment rate remained unchanged and amounted to 5.1%, and the average salary decreased from 2.1% (y/y) to 1.9% (y/y). The labor market situation in the US looks better than that in the UK. This year an expansion of the yield spread between the US and the UK key interest rates can be expected.